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Farm Pride Foods Ltd (ASX: FRM) is pleased to announce it has finalized terms for a $5.27 million capital raise.
The capital raise consists of a non-renounceable entitlement offer open of 7 new fully paid ordinary shares and a follow-up private placement to institutional, sophisticated and professional investors.
The Company has received binding commitments from investors under the Placement and is pleased to be able to announce that it has finalized the terms of the capital raise.