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RedFlow Limited to outline capital raising

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RedFlow Limited (ASX:RFX) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The raising will comprise both a placement and an entitlement offer.

The halt will remain in place until the opening of trade on Thursday 25th February 2016, or earlier if an announcement is made to the market.

RedFlow has a very unique business strategy which is currently in a transition phase to commercialise its flow battery technology.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: RedFlow Ltd

Price: 0.05 AUD

ASX:RFX
Market: ASX
Market Cap: $45.76 m
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