Battery plant firm enjoys $1.5m lift
MAGNIS Energy Technologies, the company behind the push for a battery factory in Townsville, has raised $1.5 million in a share release.
The company issued a statement to the Australian Stock Exchange on Tuesday saying it was pleased to announce it had received firm commitments from “professional, sophisticated and institutional investors to raise $1.5 million via the placement of ordinary shares”.
The firm’s placement consists of 20 million shares issued at 7.5 cents each.
The statement went on to say that the company appreciated the support of shareholders, both current and new, and looked forward to providing updates on projects including facilities in New York and Townsville.
Chairman Frank Poullas said they were encouraged by the strong interest shown in the capital raising, which was done at a small discount to the previous closing price.
“Our facility with Negma still has close to $5 million remaining today’s proved ition.”
Magnis Energy Technologies is part of a consortium and along placement, has the company’s with imposbehind the planned 18-gigawatt-an-hour battery plant at Woodstock.
The State Government provided $3.1 million to Imperium3, which Magnis is part of, to do the feasibility study in 2017.
There are expected to be 1150 jobs created if the plant goes ahead.
The share release comes after the Townsville City Council formally adopted amendments to its planning scheme, clearing the way for the mega lithium-ion battery cell factory.
Engineer GHD is completing detailed reports for the DA application, with the plant to be built in three stages of 6.6GWH each, according to a feasibility study submitted to the Queensland Government in October.
Magnis suffered setbacks earlier this year when the business lost two managing directors in four weeks, as Marc Vogts and Leslie Hocking left the company.
TOWNSVILLE University Hospital corridors will be a bit brighter today in the name of supporting frontline workers.
Local doctors have joined forces with the Townsville Hospital Foundation to raise funds and awareness for medical practitioner mental health and wellbeing by wearing crazy socks.
“Crazy Socks 4 Docs day” is a national campaign started by a cardiologist in Victoria, who battled his own mental health issues.
Townsville Medical Staff Society registrar Dr Ivan San organised this year’s campaign and said doctors were not exempt from mental health issues.
“Throughout
OUR FACILITY WITH NEGMA STILL HAS CLOSE TO $5 MILLION REMAINING AND ALONG WITH TODAY’S PLACEMENT, HAS IMPROVED THE COMPANY’S POSITION.
Australia
doctors are diagnosed with depression and anxiety at a much higher rate than the general population,” he said.
“This doesn’t come as much of a surprise; doctors work in a high-pressure and high-stakes environment.”
Dr San said shining a light on the subject would help medical staff know they are not alone.
“Other doctors are best placed to be able to know what a colleague is going through whether they’re feeling burnt out or if one of their patients isn’t doing well,” he said. “It’s so important that we as clinicians reduce the stigma and support each other and make it OK for a doctor to not be OK.”
Foundation CEO Tanya Busoli said it was proud to support the campaign.
“We are delighted to be able to help out with this campaign by selling crazy socks at the foundation gift shop. All funds raised will go towards health and wellness programs for staff.”
People are encouraged to take a picture wearing their crazy socks and post on social media using the hashtag #crazysocks4docs and #socks4docs