From AFR - $5.4m to purchase Flexi-NET
"Gaming machine software company Ebet is seeking to raise $7 million in an institutional placement through Blue Ocean Equities.
Ebet went into a trading halt on Monday morning as Blue Ocean contacted fund managers to place the shares.
The broker was looking to sell about 1.9 million shares at $3.65 each to raise $7 million. The offer was priced at a 7.6 per cent discount to the last close of $3.95 a share and in-line with the company’s volume weighted average price through June.
The cash call comes as Ebet increases its presence in gaming systems with the purchase of privately-held NSW business Flexi-NET for $4.8 million plus stock worth less than $600,000.
Blue Ocean was calling for bids by 4pm on Tuesday."
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