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Epsilon Healthcare Ltd (ASX: EPN) has announced the completion of a $2.9m capital raise.

Epsilon Healthcare Ltd (ASX: EPN) is pleased to advise that the Company has completed a capital raising of $2.9m to professional and sophisticated investors, led by CPS Capital. The placement has been completed at $0.09/share, a 14.6% discount to the 10-day Volume Weighted Average Price (VWAP) of the Company’s securities on the ASX, resulting in the issue of 32.22 million fully paid ordinary shares. Epsilon Healthcare will apply the funds raised towards further growth initiatives including expanding production capabilities at the Southport Facility, expanding Tetra Health clinics network, and for additional working capital.

Following the announcement, shares in Epsilon Healthcare Ltd fell 11.43% to $0.093/share.

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