$880,000 Raised for Nullarbor Holdings

14-Jul-2010

MDS Financial Services is delighted to have acted as lead manager in Nullarbor Holdings' (ASX:NLB) successful capital raising of $880,000.

The private placement of fully paid ordinary shares attracted strong support among wholesale investors, with the company receiving subscriptions over the capital sought.

“We’re proud to have played a key role in raising funds well beyond the original target of $750,000, under compressed time frames” said Richard Symon, Head of Corporate and Business Development at MDS Financial Services.

The board of Nullarbor Holdings believes the successful capital raising puts the company in a position to finalise its plastics and rubber recycling plant, which it expects to be operational within the next 8 weeks.

MDS Financial Services Pty Ltd specialises in IPOs and capital raisings for ASX listed and emerging companies.