Busy end of day for GMV announcements!!
What does everyone think of this one?
ASX Announcement 18 February 2020
COMPLETED CAPITAL RAISING
Mobile and e-Health company G Medical Innovations Holdings Limited (ASX:GMV) (“G Medical” “the Company”, is pleased to advise that it has raised $350,000 (after costs) through the set-off of 3,400,000 Collateral Shares previously issued to Acuity Capital under the Controlled Placement Agreement (“CPA”
The Set-off Shares reduces the total 17,000,000 Collateral Shares which Acuity Capital is otherwise required to return to the Company upon termination of the CPA. These Set-off shares have a deemed price of $0.103, being a ~17% premium to the last closing share price of $0.088. The funds raised will be used towards additional working capital.
Authorised by CEO and Managing Director Dr Yacov Geva
