PIL 11.1% 0.8¢ peppermint innovation limited

This is absolutely brilliant news for all shareholders. The use...

  1. 197 Posts.
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    This is absolutely brilliant news for all shareholders. The use of funds says it all.....even more importantly the book is already closed on the raise...

    Existing shareholders have not been overlooked. We will all be receiving a bonus issue of options on the basis of 1 option for every 10 shares held at the record date of 26 November, 2021.


    Issuer and Securities

    Issuer:

    Peppermint Innovation Limited (“PIL” or the “Company”)

    ASX Code:

    PIL AU

    Securities Offered:

    Fully Paid Ordinary Shares

    Use of Funds:

    • Deposit for EMI License
    • Bizmo Product Roll-Out
    • Working Capital & Transaction Costs

    Placement offer details

    Transaction Details

    • Peppermint Innovation (ASXIL) is seeking to raise A$5m via a placement at A$0.02 per share.
    • The offer includes a free 1:3 option exercisable at 3c expiring 30 June 2023. The Company will seek to list these options.

    Offer Price

    A$0.02 per share

    Discount:

    4.7% discount to close

    General information

    Selling Restrictions

    In Australia this offer is restricted to "sophisticated investors", “experienced” and "professional investors” (as defined in section 708(8), 708(10) and 708(11) of the Australian Corporations Act 2001 (Cth))

    Indicative timetable

    Event

    2021 Time / Date

    Bids Due

    5pm Tuesday 9thof November

    Confirmations Due

    7pm Tuesday 9thof November

    Trading Halt Lifted

    Wednesday 10thof November

    DVP Settlement

    Tuesday 16thof November

    Expected Quotation of New Shares

    Wednesday 17thof November

    *These dates are subject to change without notice to you.


 
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Last
0.8¢
Change
-0.001(11.1%)
Mkt cap ! $16.97M
Open High Low Value Volume
0.9¢ 0.9¢ 0.8¢ $9.58K 1.153M

Buyers (Bids)

No. Vol. Price($)
27 10523243 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
0.9¢ 2248500 4
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