On May 9, 2024, Hot Chili Limited closed a private placement of 24,900,000 shares at a price of A$1.00 (C$0.89) per share for aggregate gross proceeds of approximately A$24.9 million (C$22.2 million).
The offering was completed through a syndicate of agents with Veritas Securities Limited and Cormark Securities Inc. acting as joint lead managers and BMO Capital Markets and Beacon Securities Limited acting as co-managers.
Cassels acted for the agents.