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Amaero International (ASX:3DA) - Chairman, David Hanna - The Market Herald
Chairman, David Hanna
Source: Monash University
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  • Amaero International (3DA) has completed its heavily oversubscribed share purchase plan (SPP) and raised over $4.8 million
  • The 3D printing manufacturer originally planned to raise $3 million but received applications totalling $4.83 million
  • The board will accept all over-subscriptions and there will be no scaling back of applications
  • Together with the $9 million placement, Amaero has raised $13.83 million which it will use to fund equipment purchases and undertake research and development activities
  • Shares are expected to be issued and begin trading on the ASX on February 3
  • Amaero has ended the day 4 per cent in the green with shares trading at 65 cents

Amaero International (3DA) has completed its heavily oversubscribed share purchase plan (SPP) and raised over $4.8 million.

The 3D printing manufacturer originally planned to raise $3 million but received applications totalling $4.83 million.

The board will accept all over-subscriptions and there will be no scaling back of applications.

Shares are expected to be issued and begin trading on the ASX on February 3.

Together with the $9 million placement, Amaero has raised $13.83 million which it will use to fund equipment purchases, pay capital expenses, and undertake research and development activities.

"This is a very pleasing outcome following on from the oversubscribed placement and we thank all those shareholders who participated and supported the SPP," Chairman David Hanna said.

"Amaero has an exciting program of work planned to realise value in its projects and this funding gives it the confidence and ability to proceed with executing these work programs," he added.

Amaero has ended the day 4 per cent in the green with shares trading at 65 cents in a $120.6 million market cap.

3DA by the numbers
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