A$6 million to be raised through the issue of 85,528,236 shares to sophisticated and institutional investors
• Funds to be deployed to terminate convertible notes allowing balance sheet flexibility
• Placement well supported by a range of new professional investors and institutions
• Multiple near term value catalysts pending – GMV now has a strong foundation set for near term growth
Mobile and e-Health company G Medical Innovations (ASX: GMV) (“G Medical” or the “Company”is pleased to advise that it has received firm commitments from professional, sophisticated and institutional investors to raise A$6 million (before costs) through the issue of 85,528,236 fully paid ordinary shares in the Company (“Shares”
(“Placement”
.
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- Ann: Quarterly Activities Report and Appendix 4C
Ann: Quarterly Activities Report and Appendix 4C, page-17
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