NH3 Clean Energy Raises Capital Via Combined Equity, Convertible Notes Issuance

MT Newswires Live

03/26

NH3 Clean Energy (ASX:NH3) completed a AU$600,000 capital raise via a combined equity and convertible note transaction, according to a Wednesday Australian bourse filing.

The transaction consists of a AU$300,000 equity placement at AU$0.02 per share and a AU$300,000 convertible note referenced to future share prices.

It will use funds to begin approvals work and strengthen its cash position as it seeks to finalize commercial contracts around CO2 sequestration off-take contracts.

The placement is subscribed for by two investors, with one investor also subscribing to the convertible notes.

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