4 December 2017
ASX and Media Announcement
SUCCESSFUL COMPLETION OF A$5.4 MILLION PRIVATE PLACEMENT
Highlights:
• Oversubscribed A$5,400,000 private placement (“Placement”) to professional and sophisticated investors.
• The Placement will be issued in two tranches, with A$4,400,000 to be settled immediately and A$1,000,000 subject to shareholder approval, expected January 2018.
• The new funding will be used to invest into Kryptos-X project announcd earlier, as well as for working capital and accelerate growth in other emerging opportunities.
Fatfish Internet Group Limited (ASX Code: FFG) (“the Company”), an international internet venture development firm, is pleased to announce that it has successfully completed a Placement of 108,000,000 ordinary shares issued to a number of professional and sophisticated investors at an issue price of A$0.05 per share, resulting in a total sum of A$5,400,000 being raised, before costs.
The Placement will be completed in two tranches with Tranche 1 consisting of 88,000,000 new ordinary shares to be issued immediately under the Company’s placement capacity in accordance with ASX Listing Rules 7.1 (52,751,059) and 7.1a (35,248,941), while Tranche 2 consisting of 20,000,000 new ordinary shares will be issued subject to shareholder approval at an EGM which is expected to be convened by the Company in January 2018
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4 | 1200000 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
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