Renounceable Entitlement Offer to raise up to $2.2 Million

The Calmer Co International Ltd (ASX: CCO) is pleased to announce that it is undertaking a pro rata renounceable entitlement offer to raise up to $2.2m. Shareholders can subscribe for 2 new fully paid ordinary shares for every 7 existing fully paid ordinary shares.

Key Terms of the Offer

2 for 7 Renounceable Rights Issue to raise up to $2.2 million • Attractively priced at $0.003 per share • Discount of 50.00% to the last price of $0.006 and 38.53% to the 30-day VWAP • With every two New Shares, shareholders receive one free attaching New CCOOA Option • New Options will have Exercise Price of $0.006, expiry 30 June 2026, listed code CCOOA • Shareholders can trade their rights and apply for additional shares and options