Leaf Resources announced an update on capital raising and board changes

Leaf Resources Limited (ASX: LER) announced that it had received the firm commitments from two Australian private companies, Formosa Group Australia Pty Ltd and Formosa Technologies Pty Ltd, to jointly invest AU$5.4 million in Leaf through the issuance of approximately 452.3 million fully paid ordinary shares in the company and one attaching option with an exercise price of AU$0.045 expiring on 31 December 2025 for each share subscribed.

Changes to Board

The company has appointed Mr. Henry Cheng and Dr. Maurice Fabiani as new directors to the Board of Directors. Mr Cheng and Dr Fabiani have already been working closely with the company's Managing Director, Mr Ray Mountfort, on the operations and strategic focus of the company.

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