BKG booktopia group limited
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News: BKG Booktopia Says Successful A$8.1 Million Capital Raising

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    03/07/23
    11:45
    Post #: 68586313

    July 3 (Reuters) - Booktopia (BKG) :

    • SUCCESSFUL A$8.1 MILLION CAPITAL RAISING
    • COMMITMENTS RECEIVED FROM SOPHISTICATED AND PROFESSIONAL INVESTORS TO RAISE APPROXIMATELY A$6.5 MILLION
    • BINDING TERM SHEET SIGNED TO EXTEND AFSG LOAN FOR THREE YEARS
    • FY23 UNDERLYING EBITDA LOSS FORECAST TO BE A$5.0 MILLION
    • FY24 UNDERLYING EBITDA FORECAST TO BE A$13.5M
    • TERMINATION OF CONSULTANCY AGREEMENT WITH TACHYON VENTURES
    • PLACEMENT AT AN ISSUE PRICE OF A$0.12 PER SHARE
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