• Strong support from existing shareholders, with 64% take-up of Entitlement Issue
• Additional $874,304 raised via heavily oversubscribed Shortfall Placement
• Funds to be used to build team, resources, and roll out Australian business strategy

RLF AgTech Ltd (ASX: RLF) has announced that it has raised c.$2.42 million (before costs) via an Entitlement Issue and Shortfall Placement. The Company received strong support from its existing shareholders, with the Entitlement Issue raising $1,543,210, representing a take-up of approximately 64%. Additionally, the Shortfall Placement raised $874,304, which was heavily oversubscribed. Together, RLF has raised the maximum amount allowed under the Prospectus. Commenting on the successful raise, Acting Managing Director Mr Gavin Ball stated that the strong support reflects the potential and quality of the underlying business, as well as a vote of confidence in the turnaround strategy being implemented. The funds will be used to continue building the team and resources, roll out more of the Australian business strategy, and negotiate further distribution agreements. RLF 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 has been operating in Asia since 2006 and has recently expanded its activities in Australia with the acquisition of the LiquaForce liquid fertiliser business.

The funds raised will allow RLF to continue building its team and resources, roll out more of the Australian business strategy, and negotiate further distribution agreements, further strengthening the Company's position in the global plant nutrition and carbon technology market.