Carnegie Clean Energy Limited (ASX: CCE) is pleased to announce a capital raising via a Share Purchase Plan (SPP) to raise up to $6 million for the 10MW Northam Solar Project and its project pipeline.
The SPP will allow all eligible Carnegie shareholders to purchase between $2,500 and $15,000 worth of shares in Carnegie at 6.7 cents per share. The offer price equates to approximately a 15% discount based on the share price at the close of trading on 20th March 2017.
The capital raised in the SPP will allow Carnegie to fund its share of the Northam Solar Project and receive the associated economic benefit, as well as supporting Carnegie’s solar and microgrid project pipeline development and delivery. In addition to the ownership of the Project, Carnegie’s Energy Made Clean and Lendlease Joint Venture will be engaged to build the Project.
To view the full announcement, click here.