Update on Other COL Transactions
Chapmans advises that due to what is sees as declining valuations and investor sentiment in the cloud- based digital technology sector it has taken the risk averse decision to not proceed with its previously announced proposed transactions with Skyfii Limited (ASX: SKF) and Whizz Technologies Pty Ltd.
Furthermore COL is pleased to announce that since it’s announcement of 14 June 2016, it has successfully raised $4m from a strategic investor at a pre-money value of $16m ($20m post money) to complete the $5m investment in Sports Fantasy Global Limited.
got it
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CHP Price at posting:
0.4¢ Sentiment: None Disclosure: Held
