Project Portus has provided the following update:
- To date, Project Portus has raised $1.5m;
- The Company is anticipating that the Development Application will be on track to be submitted to the local government by the 20 October 2020 with an expected approval in February 2021;
- Project Portus is planning to officially launch its IPO process with the appointment of the Corporate Adviser and Lead Manager by the end of October with an anticipated listing post approval in May/June 2021.
For more information, please download the full release via the link below.