ECS Botanics completed a A$1.95 million placement on Thursday to accelerate international growth plans and support its business strategy, two days after the firm announced a trading halt to finalise the raise.

In an announcement to the ASX, the company said it secured binding commitments for around 300 million shares at $0.0065 each – an 18.8% discount to its last close.

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Adam Sheldon

Adam is a digital journalist at Cannabiz. He previously worked at the ABC covering news and current affairs for the public service broadcaster and breaking national news across Australia. He cut his...

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