Huntleys' Stock of the Week
Freedom Nutritional Products Announces Placement to Raise $5m
Tuesday March 4, 2008, 10:08 am

Original Announcement: Placement Announcement

Freedom Nutritional Products announced a private placement, subject to shareholder approval, of 10m FPO issued at $0.50 per share to raise $5m to Telunapa. The funds raised will strengthen the Company's balance sheet and provide for acceleration of current initiatives including capital expenditure for organic growth in its Freedom Foods business and development of the A2 Dairy Products business. The placement of securities is subject to shareholder approval at a meeting of members to be held on 2 April 2008.

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