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Raptis Group Raises Nearly $2M to Pursue Broadbeach Management Rights Deal

2:12am on Monday 2nd of June, 2025 AEST Real Estate
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Raptis Group Raises Nearly $2M to Pursue Broadbeach Management Rights Deal

2:12am on Monday 2nd of June, 2025 AEST
Key Points
  • Private placement of 22.5 million shares at $0.01 each raising $225,000
  • One-for-one non-renounceable entitlement offer to raise up to $1.75 million
  • Entitlement offer fully underwritten by placement investors GAS Asset Holdings and Hayman Developments
  • Potential acquisition of Sterling Broadbeach management rights pending shareholder approval
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