Foresta Group Completes AU$75,000 Convertible Note Issue
Foresta Group Holding (ASX:FGH) completed a AU$75,000 capital raise via convertible note subscription, according to a Friday filing with the Australian bourse.
The notes have an interest rate of 10% per annum and will mature three years from the date of the convertible note agreement.
Each note is convertible to fully paid ordinary shares, with proceeds to fund working capital, the filing stated.
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