Matrix commits to ramping up production

MATRIX Composites & Engineering has announced it has completed a successful share placement for A$3 million to institutional and sophisticated to support the company as it ramps up production for the next financial year.

Matrix commits to ramping up production Matrix commits to ramping up production Matrix commits to ramping up production Matrix commits to ramping up production Matrix commits to ramping up production
it raised $3 million before costs through the issue of 8.5 million shares at an issue price of 35c per share, representing a 10.3% discount on the company's last close price and a 10.