News and Announcements
BIG Un Limited Rights Issue Closes Oversubscribed Raising $2.64m
- Published June 08, 2016 10:43AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
7th June 2016, ASX Announcement
- Successful completion of 1 for 4 rights issue closing significantly oversubscribed raising $2.64 million
- Oversubscription reflects the strong support and interest from new and existing shareholders, which included participation from board and management
- Fund to accelerate global marketing roll-out and major enhancement of interactive video platform to further progress SaaS strategy and incraese subscription revenue
BIG Un Limited (ASX: BIG or ‘the Company’) is pleased to announce its non-renounceable rights issue, announced 10 May 2016, has closed significantly oversubscribed and raised a total of $2,638,117 (before costs).
The 1 for 4 rights issue consisted of a free attaching option for every two new shares subscribed for. As a result, a total of 21,984, 307 new shares and 10,992,154 new options with an exercise price of $0.25 and expiry on 31 December 2017 were issued.
To view the full announcement, please click on the button below.
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