Wellfully (ASX:WFL) Réduit Skinpod products. Source: Wellfully/Twitter
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Wellfully (WFL) receives firm commitments to raise $130,000 through a placement to develop its RÉDUIT and Swisswell brands
  • The company will issue a total of 2.6 million new shares to professional, sophisticated and section 708 exempt investors at a price of five cents each
  • The funds will expand the commercial presence of its beauty brand, RÉDUIT, and complete its product range
  • While over at its joint health brand, Swisswell, it plans to optimise the manufacturing process, extend its product range and establish a commercial foothold
  • Shares are trading 16.7 per cent higher at 6.3 cents at market close

Wellfully (WFL) has received firm commitments to raise $130,000 through a placement to develop its RÉDUIT and Swisswell brands.

The company will issue a total of 2.6 million new shares to professional, sophisticated and section 708 exempt investors at a price of five cents each.

The shares are not subject to shareholder approval and will be placed under the company’s placement capacity.

The funds will expand the commercial presence of its beauty brand, RÉDUIT, and complete its product range.

While over at its joint health brand, Swisswell, it plans to optimise the manufacturing process, extend its product range and establish a commercial foothold.

In addition, the money will be directed towards the development of new and existing industry collaboration projects and working capital.

Shares were trading 16.7 per cent higher at 6.3 cents at market close.

WFL by the numbers
More From The Market Online
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…