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ReNu Energy Limited ( (AU:RNE) ) just unveiled an update.
ReNu Energy Limited announced that it has successfully received binding commitments for issuing 500,000 loan notes at $1.00 each, raising a total of $500,000. The loan notes, offered to sophisticated and professional investors, bear no interest and may be converted into ordinary shares and unlisted options subject to shareholder approval. If not approved, the company will repay the notes in cash after a year. Proceeds are intended for working capital and offer costs.
More about ReNu Energy Limited
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.08M
For an in-depth examination of RNE stock, go to TipRanks’ Stock Analysis page.
