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BLUGLASS LIMITED — Capital/Financing Update 2015
Jun 8, 2015
64532_rns_2015-06-08_3398fa68-e1e8-4439-a1ac-070bccde1a39.pdf
Capital/Financing Update
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9 June 2015
The Manager
Company Announcements Platform
ASX Limited
COMPLETION OF SHAREHOLDER PURCHASE PLAN (SPP)
BluGlass Limited (ASX: BLG) is pleased to announce that it has completed its Share Purchase Plan which was announced to ASX on 5 May 2015.
Under the SPP, shareholders on BluGlass’ register at 5 pm on 4 May 2015 with registered addresses in Australia and New Zealand were offered the opportunity to apply for up to A$15,000 worth of BluGlass’ ordinary shares at a price of $0.0625 per share.
A total of $1,960,500 was raised pursuant to the SPP. This will result in the issue of 31,368,000 fully paid ordinary shares in the Company. In addition, the Directors may exercise their discretion to place any shortfall to interested parties and will inform the market if it decides to do so.
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About BluGlass:
BluGlass Limited (winner of the 2013 Australian Cleantech Competition) is an Australian green technology company formed to commercialise a breakthrough in the Semiconductor Industry. BluGlass has invented a new process using
Remote Plasma Chemical Vapour Deposition (RPCVD) to grow semiconductor materials such as gallium nitride (GaN) and indium gallium nitride (InGaN), crucial to the production of high efficiency devices such as next generation lighting technology Light Emitting Diodes (LEDs) with advanced low cost potential.
The RPCVD technology, because of its low temperature and highly flexible nature, offers many potential benefits over existing technologies including higher efficiency, lower cost and greater scalability.
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