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FBR Finalises $6.3m Placement, Slashes Costs and Consolidates Operations
2:51am on Monday 2nd of June, 2025 AEST
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FBR Finalises $6.3m Placement, Slashes Costs and Consolidates Operations
2:51am on Monday 2nd of June, 2025 AEST
Key Points
Final $0.54m tranche of $6.3m placement received
53.8 million shares to be allotted at $0.01 each
Major cost reductions through headcount and payroll cuts
Consolidation to single premises at 88 Sultana Road
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