Voyager Global Group (ASX:VGR) is giving investors more time to acquire up to $6.5 million worth of shares priced at $0.11 under a capital raising to satisfy ASX requirements for re-listing.
On 20th March 2015, the company invited applications for up to 59.1 million shares under a prospectus. This has now being extended to Friday, 15th May 2015.
Shareholders had recently approved the change in direction to a financial services company through the acquisition of Voyager Global Choice Pty Ltd (VGC).
Voyager Global Choice
Voyager Global Choice intends to have various Australian Funds established which will invest directly into an Offshore Fund specific to that Australian Fund.
This will provide retail investors with exposure to global investment opportunities as the size of funds in the Australian superannuation industry continues to grow.
To that end, Voyager is in the final stages of securing significant multi-year funding commitments from six leading US-based fund management groups who are interested in providing access to their investment funds to Australian investors.
This funding is intended to be non-dilutive and non-recourse and to provide for substantial expenditure over three years by Voyager to build their brand and market their funds in the Australian market.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
Add to My Watchlist
What is My Watchlist?
