Leaf completes $5 million placement to progress commercialisation of Glycell™ technology

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Leaf completes $5 million placement to progress commercialisation of Glycell™ technology

Leaf Resources Limited is pleased to announce that it has received commitments to raise $5 million via a private placement to new and existing domestic and international institutional and sophisticated investors (the “Placement”).

The proceeds of the Placement will be used to progress the ongoing commercialisation of Leaf’s proprietary Glycell™ technology, including engineering works for the Malaysian Biorefinery project. The engineering works include a phase 3 integrated development study (IDS) which is expected to commence in October this year and is integral to progressing the Biorefinery Project through a planned bankable feasibility study, project financing, and final approvals. Proceeds will also be applied towards general working capital requirements.

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By | August 6th, 2018|Latest News, NEWS|Comments Off on Leaf completes $5 million placement to progress commercialisation of Glycell™ technology