BEX bikeexchange limited
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News: BEX Bikeexchange Announces Placement And Share Purchase Plan

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    07/11/22
    12:00
    Post #: 64625548

    Nov 7 (Reuters) - Bikeexchange Ltd (BEX) :

    • PLACEMENT AND SHARE PURCHASE PLAN
    • RECEIVED IRREVOCABLE COMMITMENTS TO RAISE APPROXIMATELY A$2.4 MILLION
    • PLACEMENT AT AN ISSUE PRICE OF A$0.016 PER SHARE
    • SHARE PURCHASE PLAN TO RAISE UP TO A$3 MILLION
    • SPP AT SAME PRICE PER NEW SHARE AS PLACEMENT OF A$0.016 PER SHARE
    • FUNDS RAISED UNDER PLACEMENT AND SPP WILL BE USED TO SUPPORT PLATFORM DEVELOPMENT, FUNDING ONGOING OPERATIONS, AMONG OTHERS
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