LER: Update on Capital Raising and Board Changes

LEAF RESOURCES LTD

• Leaf Resources Limited has varied its capital raising plans.
• Australian private companies FGA and Dr. Maurizio Fabiani will now jointly invest around A$3 million in the company through a share placement.
• FT will not proceed with its investment, and an earlier announced rights issue will also not happen.

2023-03-10 08:58:00

LER: Update on Letter of Intent

LEAF RESOURCES LTD

• The Letter of Intent (LOI) between Leaf Resources Limited and Formosa Group Australia Pty Ltd has been ended.
• The two companies will work together to target offtake partners in Europe, New Zealand and the Northeast Asia Region.
• FGA and Formosa Technologies Pty Ltd will make a strategic investment into Leaf via a private placement.

2023-02-02 08:31:00

LER: Offtake LOI with Formosa and Strategic Investment

LEAF RESOURCES LTD

1. Leaf Resources Limited (ASX:LER) receives a signed non-binding Letter of Intent from Formosa Plastics Group for offtake of 300,000 tonnes per annum of premium wood pellets
2. Private placement to Formosa Group Australia Pty Ltd and Formosa Technologies Pty Ltd to raise ~$5.35 million from the issue of ~445.5 million new shares at $0.012 per share, subject to shareholder approval
3. Construction of the initial pine chemicals plant to be located at Rotorua, New Zealand is expected to commence in Q1 2023 and targeted to be operational by Q4 2023

2023-01-10 09:27:00