MyFiziq Limited (ASX: MYQ) (“MyFiziq” or the “Company”) is pleased to announce ithas received the initial tranche one payment of $1.2m under the binding subscription agreement(“Subscription Agreement”) in relation to the previously announced $6,000,000 placementwith Asia Cornerstone Asset Management (“ACAM”).As announced on 31 January 2019, under the terms of the Binding Term Sheet and now theSubscription Agreement, MYQ will receive the A$6,000,000 in 6 tranches with an initialtranche of $1,200,000 now received. The subsequent tranches will be in April, May, July andAugust concluding in September 2019. Over the 6 tranches, the Company will issue a total of10m fully paid shares in MYQ at A$0.60 cents per share. This represented a 110% premium tothe share price at the time the binding term sheet was concluded.
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