Duxton Farms Upsizes Capital Raise to Fund Strategic Merger

Highlights:

• Duxton Farms (ASX: DUX) increased its capital raising to $4.5 million following strong investor demand.
• Funds will support the acquisition of four Australian agricultural companies and strategic expansion plans.
• Management remains confident in future growth, promising additional shareholder opportunities through a share purchase plan.

Strong Demand Fuels Increased Capital Raise

Duxton Farms (ASX: DUX) has upsized its planned capital raising to $4,548,000 after receiving strong interest from new and existing sophisticated investors.

Funding Strategic Merger and Expansion Plans

The placement, priced at $1.25 per share, will fund Duxton Farms’ acquisition of four Australian agricultural companies and advance its broader growth strategy.

Board Confident in Future Growth

Independent Director Mark Harvey said the increased placement reflects investor confidence in the merger and Duxton Farms’ long-term plan to build a stable, scalable investment platform.

Next Steps and Outlook

Revised pro forma financials highlight an improved balance sheet. Management reiterated its commitment to value creation and confirmed further shareholder opportunities through an upcoming share purchase plan.

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