Successful Completion of the Entitlement Offer

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Stock The Calmer Co International Ltd (CCO.ASX)
Release Time 16 May 2025, 9:25 a.m.
Price Sensitive Yes
 Successful Completion of the Entitlement Offer
Key Points
  • Raised $1,000,713 before costs through renounceable rights issue
  • Issued 333,570,982 new shares and 166,785,491 options
  • Directors and management participated, demonstrating confidence in company's future
Full Summary

The Calmer Co International Limited (ASX: CCO, 'CCO' or 'the Company') is pleased to announce that the renounceable rights issue announced on 14 April 2025 has closed, raising $1,000,713 (before the costs). The Company will issue 333,570,982 new fully paid ordinary shares ('Shares') and 166,785,491 options exercisable at $0.006, with expiry date of 30 June 2026 ('Options'). The Options will be quoted under the ASX code CCOOA. The Company would like to thank all shareholders for their support of the rights issue, particularly in these difficult times. It is noted that the Company's directors and management took up their entitlements and participated in the shortfall, demonstrating their strong commitment to and confidence in the company's future. The net proceeds will be used for Capital Expenditure, Inventory Expansion, Marketing and Brand Promotion, general working capital and to cover costs associated with the offers. Mahe Capital Pty Ltd acted as Lead Manager and Underwriter to the rights issue. The new securities are expected to be issued on Friday, 16 May 2025, in accordance with the timetable in the prospectus. As described in the prospectus, the Directors and the Lead Manager will look to place any shortfall shares at their discretion within 3 months of the closing date.