Today, we feature an exciting secondary trading opportunity NutraCare, an Australian-based infant formula and pregnancy health
Also, some exciting business developments from Lava Blue as it looks to become a mainstream producer of High Purity Alumina.
Genex Power (ASX: GNX) successfully completes its institutional placement of $21.726M along with an additional $2.85M in a Share Purchase Plan.
Finally, outlined below are some of the benefits of raising capital via the PrimaryMarkets Platform. For more information about Capital Raising Click Here .
an Australian-based infant formula and pregnancy health company and 50% owner of Shaanxi Nutracare
An Australian health and wellness company with an ambitious and clear vision – ‘to inspire a better, healthier world’
- Products include:
- Pregma Plus Stage 1 & 2
- Probio Plus Infant, Child and Adult
- NutraCare Ancillary Products
- NutraCare Infant Formula
- Secondary sale of existing shares, for more information Click Here.
Lava Blue - Business updates:
Lava Blue is proceeding to complete the mini-plant at the Redlands Energy Science Park. Commissioning the mini-plant will significantly revalue the Company. Lava Blue will be the only enterprise in the world running a mini-plant that can demonstrate repeated production of HPA from kaolin.
Additional Grant Funding from IM CRC for Mini-Plant project
Since winning a $645,000 grant in September 2019, Lava Blue and research partners at QUT have been able to maintain progress across a number of fronts, including demonstrating early outcomes of machine learning in manufacturing of HPA. This substantial progress, along with the relocation of the mini-plant facility from the original small site at Banyo to the Redlands Energy Science Park, has resulted in the IM CRC increasing the total grant to $1.045M.
Progress on Licencees
Lava Blue is pursuing a two-pronged commercialisation strategy. While planning to be a primary producer of at least 5,000 tonnes of HPA per annum, it is also seeking to develop a network of licencees for the HPA process.
Lava Blue Acquires Cloncurry Industrial Minerals
Lava Blue has held an option to acquire Cloncurry Industrial Minerals Pty Ltd (CIM), which holds exploration permits over the HJ Reef. In May of 2020 the option was exercised and Lava Blue purchased all of the outstanding capital of CIM by exchange of shares.
Lava Blue is an Australian company raising A$2.5M, for more information please Click Here.
Genex Power (ASX:GNX) announced the results of it's successful share purhase plan with applications toataling A$2.849M
As stated in the Company's announcement on 10th August 2020, funds from the recently completed placement and the SPP will be used for:
- Development costs associated with fast tracking the Como Battery Project.
- Financial close costs for Kidston Hydro Project
- Working capital
- Costs associated with the capital raising
For more information Click Here to visit the Investor Centre.
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