Sydney - Monday - August 7: (RWE Australian Business News) - Ezenet Ltd (ASX code: EZE) has raised $1.05 million through a placing of 7.5 million shares to Matterhorn Investment Management LLP of the United Kingdom at an issue price of 14c. Managing director Mr Richard Burt noted the placing agreement was reached at a time that shares in Ezenet were trading at 12c. The shares this morning rose 0.5c to 19c. Mr Burt said Matterhorn was a London-based institutional investment management fund and would provide a strong presence on Ezenet share register. Matterhorn is the largest shareholder in Weatherly International PLC, in which Ezenet has 18.2 million shares. "The digital movie and internet business of Ezenet is undergoing a phase of high growth and the capital raised will be used to fund new installations in the company's core markets," Mr Burt said. ENDS
EZE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
