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Capital Raise Completed

Highlights
Abundant Produce Limited (ABT) successfully closes commitments for $3,300,000 from institutions, High Net Worth and sophisticated investors at $0.40 per share.
ABT is pleased to announce the placement was significantly over subscribed, with the total bids received being well in excess of the 15% placement capacity ($2,790,000).
The Board of ABT has resolved to take an additional $510,000 (Tranche 2) and will seek shareholder approval at the Annual General Meeting (AGM) to issue an additional 1,275,000 shares ($510,000).
Included in the additional demand of $510,000 are further commitments of $200,700 from Directors of ABT participating in the placement, Directors commitments will be subject to shareholder approval at the AGM.
 
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External URL: 
http://www.asx.com.au/asxpdf/20171009/pdf/43n1wrs2rdgbpz.pdf