AJ Lucas is carrying out a three-for-eight pro-rata accelerated non-renounceable entitlement to raise the funds, with the price of the entitlement offer set at A$0.21 per share. This is a 16% discount to the company's last traded share price of A$0.25 per share on 11 March.
AJ Lucas said Thursday it had already received firm commitments from its two largest shareholders, while Patersons Securities has agreed to underwrite the shortfall.
It
