Zoono Group Limited has placed 13,574,320 shares at 2.7c per share with OSY Group Limited, raising $366,506 in working capital.
This follows OSY's support as a sub-underwriter in Zoono's recent rights issue and their partnership in a fresh food shelf-life extension project.
The funds will be used for this project, business expansion in key markets, and general working capital.
The placement acknowledges OSY's role as a key partner and underscores Zoono's commitment to innovation and growth in the hygiene technology sector.
ASX Code: ZNO