Key points
- Renounceable rights issue closed, raising $1,817,935 (before costs)
- Issued 1,817,934,217 new Shares and 945,273,319 Options
- Directors and management took up their entitlements
- Convertible note holders participated in shortfall
- Funds to be used for inventory, expansion, and working capital
Full summary
The Calmer Co International Ltd (ASX: CCO) has successfully completed its renounceable rights issue, raising $1,817,935 (before costs). The Company issued 1,817,934,217 new fully paid ordinary shares and 945,273,319 options exercisable at $0.002, with an expiry date of 20 February 2029. The options will be quoted under the ASX code CCOO. The Company's eligible directors and management took up their entitlements, demonstrating their commitment to and confidence in the Company's future. Applications received from convertible note holders taking up their entitlements and participating in the shortfall totalled $365,000. The net proceeds will be used to build inventory for its wholesale channel, expand Coles' range of FZZR®, and for general working capital requirements.