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Motopia Ltd Announces Completion of Convertible Note and Rights Issue Shortfall Placements


Wednesday, 20 Nov 2013 05:11pm EST 

Motopia Ltd provided the following update to its shareholders and to the market with regard to the issue of 900,000 Convertible Notes as approved by shareholders on October 18, 2013 and the placement of the Rights Issue shortfall. Motopia advised that both the Convertible Note placement and the Rights Issue shortfall have been fully subscribed, that all subscriptions have been paid in full and that Convertible Note and Rights Issue shortfall subscriptions are now closed. MOT announced that $900,000 has been raised from subscriptions for 900,000 Convertible Notes. MOT also announced that $679,207 has been raised from the Rights issue and Rights Issue shortfall placement. 

Company Quote

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27 Mar 2015