News and Announcements
Crowd Mobile Rights Issue and Management Restructure
- Published September 13, 2016 11:13AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
12th September 2016, ASX Announcement
Rights Issue
Crowd Mobile Limited (Crowd Mobile or the Company) is pleased to announce that it is undertaking a pro-rata partially underwritten non-renounceable rights issue (Offer or Rights Issue)
Key highlights of the Rights Issue:
- Rights Issue on a 1:18 basis at an issue price of $0.16 per share to raise circa $1.5 million
- Free attaching options on a 1:2 basis for new shares issued under the Rights Issue. The attaching options will be exercisable at $0.27 each and will expire 2 years from their date of issue
- Offer partially underwritten up to $600,00, with shortfall facility to enable applications for additional shares
To view the full announcement, please click on the button below.
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