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SKIN ELEMENTS LIMITED — Capital/Financing Update 2020
Aug 25, 2020
65803_rns_2020-08-25_9046537e-8b48-4627-a5cc-d58af3869519.pdf
Capital/Financing Update
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26 August 2020
NEW SECURITIES ISSUES
Skin Elements Limited (SKN) is pleased to advise that it has completed a number of new securities issues as follows.
SKN has made a placement to Mr Garth Alvares, of 2,000,000 ordinary fully paid shares at $0.06 per share with 200,000 free attaching listed options ($0.10 exp 31/12/20) raising $120,000 cash working capital. These shares are issued under the Company’s LR 7.1 and LR7.1A capacity. Mr Alvares has recently been appointed as a director of, and become a shareholder of, Prudential Consultants Pty Ltd, a company appointed as a distributor to SKNs Invisi-Shield sanitiser as announced on 7 August 2020.
In addition, SKN has issued 816,667 ordinary fully paid shares following conversion of $0.03 unlisted options, for $24,500 cash working capital.
In accordance with LR3.10.3, SKN will provide Appendix 3B in online form and Appendix 2A to follow.
This announcement is approved by the Board of Directors of Skin Elements Limited.
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For further information, please contact: Peter Malone Media and Investor Inquiries Executive Chairman James Moses Skin Elements Limited Mandate Corporate T: +61 439 430 770 T: +61 420 991 574 E: [email protected] E: [email protected]
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About Skin Elements
Established in 2005, Skin Elements is an award winning Australian owned and operated ASXlisted skin care company focused on the development of natural and organic skin care products. Skin Elements innovative approach to organic chemical free products has enabled the creation of a portfolio of products that has been sold and distributed across the world. Its flagship products include Invisi-Shield Organics natural alcohol-free sanitiser range, Soléo Organics 100% natural and organic sunscreen, PapayaActivs natural therapeutics skincare, and Elizabeth Jane Natural Cosmetics brand.
Further information is available via the Company website: http://skinelementslimited.com
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