ImExHS (ASX:IME) received firm commitments to raise AU$1.5 million through a placement to sophisticated and institutional investors, and to raise AU$1 million through a conditional placement to the company's directors, according to a Thursday filing with the Australian Securities Exchange.
The placements will issue 7.1 million shares at AU$0.35 per share, an 11.4% discount to the last closing price, the filing said.
The conditional placement to directors is subject to shareholder approval.
The funds will be used as general working capital, per the filing.
The company also intends to raise an additional AU$1 million via a share purchase plan.
Morgans Capital was the lead manager for the placement and conditional placement.
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