Ecoya, the home fragrance promoted by the former owners of vodka company 42 Below, used a "top up" placement of shares to existing institutional investors and private investors to raise $1 million to help fund the purchase of skincare company Tr
Ecoya, the home fragrance promoted by the former owners of vodka company 42 Below, used a "top up" placement of shares to existing institutional investors and private investors to raise $1 million to help fund the purchase of skincare company Trilogy.
Ecoya had already raised $5.05 million in a placement, or sale of shares, to existing shareholders and signalled it would raise $1 million via a share purchase plan.
It said today that it raised $769,054 from 197 existing shareholders through the share purchase plan. A further $183,750 was raised via a top up placement to existing institutional and private investors. The share purchase plan and private placement were made at 75 cents per share, the same price as the $5.05 million placement.
