Total
0
Shares
Image Sourced Roto-Gro International Limited
Market Herald logo

Subscribe

Be the first with the news that moves the market

Roto-Gro International Limited has announced the completion of an Oversubscribed $3,581,552 Placement. 

Roto-Gro is an Australian-based company with international operations, focused on the cultivation of lawful cannabis and perishable produce.

The ‘highly sought-after’ Placement is managed by Patersons Securities Limited and Baker Young Stockbrokers. This exciting development will allow for the expansion of Roto-Gro’s research facility and additional grow rooms in Canada.

A total of 16,658,380 new fully paid ordinary shares at an issue price of $0.215, will be issued with Shareholder approval, and a further 1,658,380 shares without Shareholder approval. The settlement is expected to occur on the 1st May 2019. 

Managing Director of RotoGro, Michael Carli, claims Roto-Gro is revolutionary for the future of agriculture. “Our aspirations to be leading lawful cannabis and perishable food grower, drawing on our patented and patent-pending technology and proprietary growing management software, sets us apart from all other methods of growing.”

Please find the announcement attached

RGI by the numbers
More From The Market Herald
Veris (ASX:VRS) - CEO, Michael Shirley

" Veris Australia (ASX:VRS) wins $1m contract for Sydney Metro West

Veris Limited (VRS) announces its subsidiary, Veris Australia, has secured a contract of around $1 million for the Sydney Metro West project.
SSH Group, SSH - Managing Director, Daniel Cowley Cooper

" SSH Group (ASX:SSH) contract extension for Forrestfield Airport Link

SSH Group (SSH) has announced a contract extension of four months for Webuild Group’s $1.86 billion Forrestfield Airport Link.

" Clean TeQ Water (ASX:CNQ) pens deal with MCC Environment

Clean TeQ Water (CNQ) has signed an exclusive distribution agreement with MCC Energy Conservation and Environmental Protection to promote its technology in China.
National Tyre & Wheel (ASX:NTD) - CEO & Managing Director, Peter Ludemann

" National Tyre & Wheel’s (ASX:NTD) subsidiary acquires Access Alloys

National Tyre & Wheel’s (NTD) subsidiary, Dynamic Wheel Co, has acquired certain assets from 4×4 wheel specialist Access Alloys.