Private Placement
Released
Released
Announcement PDF
ACN 009 104 330
28 April 2025
Company Announcements Platform
Australian Securities Exchange
BPH Global receives funding commitments of $609,000 by way of a private placement
Highlights
• The Company has received commitments from investors of $609,000 for a private
placement.
• Funds raised will be allocated to the purchase of seaweed, to support operations in
Indonesia and working capital.
• Proceeds from this funding will be used to commence seaweed sales as recently
announced with offtake partners.
The Board of BPH Global Ltd (ASX: BP8) (Company) is pleased to announce that it has secured firm
commitments from institutional, professional and sophisticated investors and existing shareholders
to raise up to $609,000 (before expenses), through the issue of approximately 304,500,000 fully paid
ordinary shares (Shares) at an issue price of $0.002 per Share (Placement).
The Company will issue the Shares to participants in the Placement pursuant to a resolution passed
at an extraordinary general meeting of the Company’s shareholders held on 17 February 2025
authorising the issue of up to $1,000,000 worth of shares. Participating investors in this placement
will also be entitled to one (1) free attaching option for every four (4) shares allotted. These options
will have an exercise price of $0.006 and a two (2) year expiry date from their issue date. These
options will be issued subject to shareholder approval at the Company’s next general meeting of
shareholders.
The funds raised under the Placement will be used as follows:
• to fund the purchase of seaweed for on-sale to customers and expansion of the Company’s
operations generally in Indonesia; and
• for working capital including financial support for ongoing R&D projects and costs of the
Placement.
Managing Director Matthew Leonard commented, “we are pleased to see the solid support from
new and existing shareholders and are excited to commence sales with our two recently announced
offtake partners PT. Kebula Raya Bestari and Quanzhou and Bailijie Biotechnology Co., Ltd
announced on 2 April 2025 and 14 April 2025 respectively.”
Lead Manager
Sanlam Private Wealth Pty Ltd (Sanlam) acted as lead manager to the Placement. In consideration of
providing its services, Sanlam will receive:
• a 6% commission on the total funds raised under the Placement;
• 60 million options exercisable at $0.006 per option and expiring 2 years from the date of issue to
be issued subject to shareholder approval at the Company’s next general meeting of
shareholders.
- END Authorised for lodgement by the Board of the Company
For further information, please visit our website at www.bp8global.com or contact:
Mr Paul Stephenson
Chairman
BPH Global Limited
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