RLF AgTech Ltd Successfully Completes $2.41 million Capital Raise

On 20 December 2024, RLF AgTech Ltd (ASX: RLF) lodged its Entitlement Issue Prospectus with ASIC and the ASX, aiming to raise AU$2,417,514. The company received strong shareholder support, securing AU$1,543,210 through the Entitlement Issue, with a 64% take-up rate. Additionally, an oversubscribed Shortfall Placement contributed AU$874,304, ensuring the maximum raise under the Prospectus.

Acting Managing Director Gavin Ball expressed gratitude for investors' confidence, emphasizing that the funds will support RLF’s turnaround strategy, team expansion, and new distribution agreements. The company continues to strengthen its Australian operations while expanding in China and Asia.

RLF is evaluating ASX requirements for quoting the options issued and will keep stakeholders informed. This successful raise highlights the company’s strong market position and growth potential.

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