Non-Renounceable Entitlement Offer of Convertible Notes

Key points

• Duxton Farms to raise up to $9.7 million
• One note for every eleven shares
• Funds for capital expenditure, debt repayment, and working capital
• Prospectus available for eligible shareholders

Full summary

Duxton Farms Limited (ASX: DBF) has announced a pro-rata non-renounceable entitlement issue of convertible notes to raise up to approximately $9,739,054 before costs. Eligible shareholders will be entitled to subscribe for one note for every eleven shares held at an issue price of $1.00 per note. The funds raised will be used for capital expenditure across the company's operations, partial repayment of existing senior debt, general working capital, and costs of the offer. Eligible shareholders are advised to consider the prospectus before deciding to acquire notes under the offer.

Guidance

Duxton Farms aims to raise up to $9.7 million through the convertible notes offer.

Outlook

The funds raised will support capital expenditure, debt repayment, and working capital needs.