News and Announcements
Bluechiip raises $1.5 million in private placement and secures $0.5 million underwriting of Share Purchase Plan
- Published November 21, 2012 1:24PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Bluechiip Limited (“Bluechiip”) is pleased to announce that it has raised $1.5 million from existing shareholders and new institutional and sophisticated investors in Australia and overseas for a private placement of new ordinary shares at an issue price of $0.20 per share (“Placement”). The directors also announce that a Share Purchase Plan (“SPP”) is to be offered to eligible shareholders registered as of 20 November at the same price as the Placement. It has secured underwriting for the SPP to the amount of $0.5 million. These funds raised will be used to fund commercialisation activities.
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