It has also converted $3.5 million convertible bonds at 0.31 cents per share, and CEO Jeremy Yee has converted his own bond holdings into equity.
Clearbridge Health has raised gross proceeds of $1.98 million following the completion of placement of 990 million new ordinary shares at 0.2 cents per share.
Following the completion of the placement, Clearbridge Health is now entirely equity-financed. The group has used gross proceeds from the placement to fully repay all outstanding bank borrowings.
