Completion of the Shortfall Placement
| Stock | RLF Agtech Ltd (RLF.ASX) |
|---|---|
| Release Time | 12 Feb 2025, 5:57 p.m. |
| Price Sensitive | Yes |
RLF AgTech Completes Shortfall Placement
- Raised $874,304 in Shortfall Placement
- Entitlement Options now trading on ASX
- Shortfall Placement options to be issued on same terms
RLF AgTech Ltd (ASX: RLF) has announced the completion of the Shortfall Placement, raising an additional $874,304 after successfully raising $1,543,210 via the recent Entitlement Issue. The company has now received all cash proceeds from the Entitlement Issue and the Shortfall Placement. RLF is also pleased to advise that the options issued under the Entitlement Issue (Entitlement Options) have met the ASX requirements for quotation and are being traded under the code ASX: RLFO. The options to be issued under the Shortfall Placement will be on the same terms as the Entitlement Options. RLF AgTech Ltd is an Australian-based global plant nutrition and carbon technology company that develops products to empower farmers, nourish people, and restore the earth. The company combines plant science with advanced chemistry and manufacturing practices to produce high-quality plant nutrition products for commercial agriculture. RLF's Plant Proton Delivery Technology enables farmers to grow higher-yielding, better-quality, and more nutritious produce while supporting the plants' natural ability to store and reduce atmospheric carbon. In the years ahead, commercial agriculture is destined to play a significant role in sequestering carbon, and RLF's technologies will support this through its Accumulating Carbon in Soil System (ACSS) to help capture and store CO2 by increasing the organic matter in the world's soils.