GreenHy2 Limited's Non-Renounceable Entitlement Offer

GreenHy2 Limited (ASX: $H2G) has announced a non-renounceable entitlement offer, providing 1 New Share for every 4 Shares at an issue price of $0.006 per New Share. The offer, closing on Thursday, 2 May 2024, aims to raise up to approximately $630,000 for general working capital and capital raising costs. The offer is partially underwritten by an affiliated entity of the Executive Chairman and Managing Director.

Executive Commentary on the Non-Renounceable Entitlement Offer

The company is pleased to announce the non-renounceable entitlement offer, which is a strategic move to raise funds for general working capital and the costs of the capital raising. We believe this offer will support our ongoing pursuit of near-term sales opportunities and larger trials. It is important for shareholders to carefully review the offer booklet and accompanying forms before making a decision. We are committed to transparency and have outlined the associated risks in the offer booklet, including potential cost overruns on projects.

Summary of GreenHy2 Limited's Non-Renounceable Entitlement Offer

GreenHy2 Limited (ASX: $H2G) is offering a non-renounceable entitlement offer at an issue price of $0.006 per New Share, aiming to raise up to approximately $630,000 for general working capital and capital raising costs. The offer, closing on Thursday, 2 May 2024, is partially underwritten by an affiliated entity of the Executive Chairman and Managing Director. Shareholders are advised to carefully review the offer booklet, which contains important information and instructions for participation. The company has highlighted specific risks associated with holding shares, including potential cost overruns on projects. The proceeds from the offer will be utilized for general working capital, and the company continues to pursue near-term sales opportunities and larger trials. Shareholders with registered addresses in Australia and New Zealand are eligible to participate in the offer, with detailed instructions provided for the application process. The company emphasizes that the offer is not for release to US wire services or distribution in the United States, and the offer booklet is not a prospectus or product disclosure statement.