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Yellow Brick Road Holdings Ltd Announces Placement To Raise AUD10,000,000

Friday, 28 Jun 2013 04:11am EDT 

Yellow Brick Road Holdings Ltd announced that it has entered into unconditional contracts to raise AUD10,000,000 via a private placement by the issue by it 14,285,715 ordinary fully paid shares in the capital of the Company (New Shares) at an issue price of AUD0.70 per share payable in full on subscription (the Placement). After completion of the Placement, the issued capital of the Company will comprise 194,519,381 ordinary fully paid shares (all quoted on the ASX Limited), with a market capitalisation of AUD136,163,567 based on such issue price. The funds to be raised by the placement will be deployed by the Company to accelerate its growth initiatives. Following the Placement, the Company will have approximately $18 million in cash. 

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