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Comops Ltd Announces Non-Renounceable Rights Issue Offer To Raise Up To $2.26 Million


Thursday, 17 Oct 2013 06:37pm EDT 

Comops Ltd announced a partially underwritten pro rata non-renounceable rights issue (Entitlement Offer) of up to 150,644,348 fully paid ordinary shares on the basis of one new share for every one share held by shareholders on the record date at an issue price of $0.015 (1.5 cents) per share, to raise $2.26 million (before costs). Bligh Capital Securities Pty Ltd ACN 131 668 810, a Sydney based independent advisory and investment firm specialising in corporate finance and institutional equity and sales and research (Bligh Capital) has agreed to partially underwrite the Entitlement Offer up to a maximum of 112,983,261 shares. The net proceeds of the Offer will be used to discharge the Company‚Äôs obligations to the Australian Tax Office and other creditors under agreed arrangements after which any residual funds will be used as additional working capital to enable the Company to pursue its corporate objectives. 

Company Quote

0.035
-0.0040 -10.26%
24 Jul 2014