Resources & Energy Group Limited (ASX:REZ or the Company) is pleased to announce it has completed a placement of 68 million ordinary shares to raise $2.7 million. The placement was arranged with the assistance of Mr Omar Taheri, principal of Spark Plus, and REZ’s Chairman Mr Gavin Rezos, via Viaticus Capital. The funds were raised from sophisticated and professional investors, including Magnolia Capital who were the cornerstone of the raising.
The placement follows an investor presentation by REZ via a virtual roadshow arranged by Spark Plus to potential investors in Singapore, Hong Kong and Australia. The presentation discussed the considerable progress that REZ has announced to ASX during the 2021 calendar year, including:
Read the full announcement here.
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