https://themarketherald.com.au/capital-raising-update-tombola-gol...

https://themarketherald.com.au/capital-raising-update-tombola-gold-asxtba-funded-to-gold-production-2022-05-11/

"Cybersecurity firm Senetas Corporation (SEN) completed a $5 million placement to boost investment in its subsidiary, secure gateway company Votiro Cybersec Global.Senetas CEO Andrew Wilson spoke to Deal Room from Melbourne.“Senetas’ ongoing support of Votiro, combined with the requirement for Senetas to carry higher inventory levels in the short term as a result of the industry-wide shortage of semi-conductors, had reduced Senetas’s surplus cash reserves,” he said.“However, following completion of the placement, Senetas is now strongly positioned to continue to support the growth of both the Senetas and Votiro businesses.“Whilst the global shortage of electronic components continues to delay some customer sales, we are pleased to see growth in Senetas’s sales pipeline continue, with ongoing growth in the North American market particularly encouraging.”The company has a market cap of $40 million and the share price has dropped in the wake of the raise, trading at 3.5 cents at 2:33 pm AEST."