This article is from the Australian Property Journal archive
PORT Bouvard has successfully completed $60.2 million capital raising including $22.75 million from FKP.
PBD also issued 157,285,551 shares at $0.13 per share to institutional and sophisticated investors to raise $20,447,122 and a 1 for 1 non-renounceable entitlement issue of 130,791,372 shares at $0.13 per share to raise $17,002,878.
The capital raising will give PBD to repay debt and give it enough money to undertake construction of the initial infrastructure and utility services along with the development of the first stage of residential lots at the company’s flagship asset, Point Grey.
Australian Property Journal
