The recent Entitlement and Shortfall Offers were completed in February, each settling in early March. Gryphon was delighted with the overwhelmingly positive response from existing and new investors to the capital raise, enabling us to raise additional funds via a Placement issue after the closing of the Shortfall Offer, raising a total of A$135 million (increasing GCI’s current total Net Tangible Asset to circa A$622 million).
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