Perth, Australia (ABN Newswire) - Altech Batteries Limited ( ASX:ATC ) (FRA:A3Y) (OTCMKTS:ALTHF) announces a capital raising of $4 million, comprising the issue of 66,666,667 fully paid ordinary shares in the capital of the Company at an issue price of $0.06 per Share. Highlights - Binding Commitments to raise $4 million - Placement oversubscribed - Issue price of $0.06 per share, a 50% premium to recent Entitlements Issue on 7 August 2024 - Funds will be used to further progress the CERENERGY(R) and Silumina AnodesTM Projects This price is a premium of 50% of the issue price to the Company's shareholders in the recent Entitlement Offer conducted on 7 August 24. Participants in the placement will also receive free attaching listed options (ASX:ATCOC) of 1 option for every 1 share issued with an exercise price of $0.06 and expiry date of 31 December 2025.