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TZ Ltd Announces Underwriting Of Exercise Of Options


Monday, 28 Oct 2013 06:39pm EDT 

TZ Ltd announced that it has entered into a binding Underwriting Agreement with Patersons Securities Limited (Patersons) to act as Lead Manager and Underwriter for the exercise of the Company's TZLO quoted options expiring on October 31, 2013 and exercisable at $0.14. Patersons will be paid an underwriting fee of 6% of the funds raised pursuant to the underwriting agreement. The total number of outstanding quoted options as at the date of this announcement is 43,254,253 options. Patersons has agreed to underwrite 22,504,640 options which when exercised will raise $3,150,649.60 before costs. The funds raised will be used to accelerate the deployment of the Company‚Äôs PAD and IXP products around the world and for general working capital purposes. 

Company Quote

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16 Sep 2014