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”.
GMV Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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”
