CCO.ASX: Renounceable Entitlement Offer to raise up to $2.2 Million

Renounceable Entitlement Offer to raise up to $2.2 Million

Stock	The Calmer Co International Ltd (CCO.ASX)
Release Time	14 Apr 2025, 3:16 p.m.
Price Sensitive	Yes

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Renounceable Entitlement Offer to raise up to $2.2 Million

Key Points

2 for 7 Renounceable Rights Issue to raise up to $2.2 million
Attractively priced at $0.003 per share, a 50% discount to last price
With every 2 New Shares, shareholders receive 1 free attaching New Option

Full Summary

The Calmer Co International Limited (ASX:CCO) is pleased to announce a pro rata renounceable entitlement offer to eligible shareholders to subscribe for 2 new fully paid ordinary shares at $0.003 per share, to raise up to approximately $2,200,000 before costs. The offer includes 1 free attaching new option for every 2 new shares acquired, with an exercise price of $0.006 and expiring on 30 June 2026. The funds raised will be used to expand inventory, upgrade manufacturing equipment, undertake marketing activities, launch new products, and for general working capital. The entitlement offer is lead managed and partly underwritten by Mahe Capital Pty Ltd. Eligible shareholders with a registered address in Australia, New Zealand, and Fiji can participate in the offer, which is scheduled to open on 24 April 2025 and close on 9 May 2025.