Epsilon Healthcare (ASX:EPA) said it will raise AU$1 million via the issue of up to 50 million loan notes at AU$0.02 per note, to sophisticated, experienced, or professional investors, according to a Thursday filing with the Australian bourse.
The notes, issued in tranches, carry a 10% annual interest and mature on June 30, the filing said.
Subject to shareholder approval, they may be converted into fully paid ordinary shares at the noteholder's election, the filing added.
Proceeds will fund service expansion, working capital, and new product development at Epsilon's manufacturing facility, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.