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Indoor Skydive Australia Group Ltd Announces Placement To Strategic Investor


Sunday, 22 Sep 2013 07:34pm EDT 

Indoor Skydive Australia Group Ltd has agreed to a placement under section 708(8) of the Corporations Act 2001 (Cth) to a key strategic investor. The placement is for 2,225,000 shares at an issue price of $0.45 to raise $1,001,250. The placement will be settled on September 26, 2013. As the placement will be settled after the record date for the Renounceable Pro-Rata Entitlements Offer (“Offer”) the recipient will not be entitled to participate in the Offer. The placement is within the 15% limit set out in Listing Rule 7.1 and does not require shareholder approval. Veritas Securities Limited acted as Corporate Advisor to the Company for the Share Placement. 

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