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Papyrus Australia Raises $175K Placement and Convertible Notes to Fund Commercialisation
11:02am on Thursday 23rd of April, 2026 AEST
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Financial Services
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Papyrus Australia Raises $175K Placement and Convertible Notes to Fund Commercialisation
11:02am on Thursday 23rd of April, 2026 AEST
Key Points
Placement of 17.5 million shares at $0.01 raising $175K
Conversion of $263K in loans to secured convertible notes
Related party loans of $150K to be converted pending shareholder approval
Up to $536K additional secured convertible notes planned
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Papyrus Australia (ASX:PPY)
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