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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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