Cobram Estate Olives Raises $8.1M to Boost US Expansion Plans

• Completed $6.1 million non-underwritten Share Purchase Plan at $3.20 per share
• Raised additional $2 million via shortfall placement to a long-term shareholder
• Total capital raised of $8.1 million complements $175 million institutional placement
• Funds earmarked for US expansion including farmland purchase and 1,600 hectares of olive groves