31 January 2018
ASX Announcement
Tranche 2 Private Placement -20 million shares
The Board of Directors of Fatfish Internet Group Limited (ASX Code: FFG) (“the Company”) refers to the announcement made by the Company on 4 December 2017 with regards to the completion of a private placement exercise and the shareholder approvals obtained in the Extraordinary General Meeting of shareholders held on 25 January 2018 (“EGM”) that allows the Company to issue up to 40 million shares via private placement at A$0.05 per share.
In view of the higher prevailing trading price and strong interest in the Company shares the Board of Directors of the Company has decided to issue only 20 million shares instead of the approved amount of 40 million shares. The 20 million shares is being subscribed by a prior committed strategic investor as part of the second tranche arrangement (“Tranche 2”) of the private placement announced on 4 December 2017.
FFG Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
