Encina Announces $55 Million Of Committed Financing Supported By Imm Investment Global Limited

Encina Development Group (“Encina” or the “Company”), a producer of circular chemicals from waste materials, announced today that it has secured a total of $55 Million of equity capital which included participation from institutional investors IMM Investment Global Limited (“IMM Global”) and SW Recycle Fund through a $32 million private placement. The private placement was oversubscribed following strong institutional support. IMM Global will join the Company’s Board of Directors as a result of their investment.