Genex Delivers for PrimaryMarkets’ Investors
December 06, 2016

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By webadmin

We are delighted that Genex Power Limited (ASX.GNX) has reached another milestone when it announced on 2nd December 2016 project finance approval for a facility of A$110M. This is in addition to recently announced Queensland Government offtake and Australian Government ARENA grant funding of A$8.85M.

PrimaryMarkets’ first foray into equity capital raising for an ASX listed Company was for Genex when PrimaryMarkets raised firm bids of A$925,000 from our Accredited and Professional Investors within 3.5 hours of going “live” on 9th June 2016.

PrimaryMarkets investors subscribed @ A$0.16 per share with Genex now trading as high as @ A$0.315 – an uplift of 96.8% for 6 months or annualised 193%