Read the full article on The Market Herald here.
- YPB Group (YPB) was up as much as 25 per cent today after revealing it had received firm commitments for a $750,000 placement
- To raise the funds, 250 million fully paid ordinary shares will be issued to institutional, professional and sophisticated investors at 0.3 cents
- Participants will also receive one free-attaching option for every share subscribed for, exercisable at 0.5 cents on or before February 23, 2022
- YPB will use the funds to develop its Motif Micro technology as well as undertake business development and marketing
- Motif Micro is the company's multi-patented, smartphone-readable anti-counterfeit technology, which is invisible to the eyeIt can read authentication marks on both flat and curved surfaces, making it accessible to a wide range of products
- Shares in YPB are still up a healthy 25 per cent and are trading at 0.3 cents.
YPB Group (ASX:YPB) shares jump on placement news
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