Nanollose Ltd's (ASX:NC6) Wayne Best caught up with Proactive's Andrew Scott following the news it's raised $2.85 million in a strongly oversubscribed placement to institutional and sophisticated investors at an issue price of $0.10 per share. He says the funds will further strengthen the company’s balance sheet, placing Nanollose in a strong position to further advance the development and commercialisation of its nullarborTM lyocell fibre.
Nanollose to expedite development of its lyocell fibre following $2.85 million raise
