Elixinol Global Ltd (ELLXF)

[Pan_O_War]

Here you go:

Elixinol taps Bell Potter for $50m raising.

Bell Potter was offering clients 12.8 million new Elixinol Global shares at $3.90 each.

The deal was priced at an 8.7% discount to the last close and a 17.6% discount to the five day VWAP.

Funds raised were pegged for US expansion ($32 million); Europe, South America and Asia expansion ($8.2 million); and general working capital ($7.4 million), according to terms sent to potential investors.