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Quickflix Ltd Announces Renounceable Rights Issue

Thursday, 19 Sep 2013 01:57am EDT 

Quickflix Ltd announced a renounceable rights issue of up to approximately 342,138,734 new fully paid ordinary shares (Rights Issue) under which its shareholders will be offered one fully paid ordinary share in the Company (New Shares) for every two fully paid ordinary shares held at 5.00pm on September 26, 2013 (Record Date) at an issue price of $0.01 per New Share (Offer), with any fractional entitlements being rounded up. The New Shares will rank equally with all other fully paid ordinary shares of the Company, including in respect of dividends, from the date of allotment. Patersons Securities Limited has been appointed as Lead Manager and Underwriter to the Offer. The Rights Issue will raise up to approximately $3.42 million before costs. The funds will be used for marketing, content acquisition and working capital. 

Company Quote

0.0010 +4.55%
10 Jul 2014