Brief: Bikeexchange Announces Placement And Share Purchase Plan

Bikeexchange

07/11/2022 24:55

Nov 7 (Reuters) - Bikeexchange Ltd  BEX.AX :
    * PLACEMENT AND SHARE PURCHASE PLAN
    * RECEIVED IRREVOCABLE COMMITMENTS TO RAISE APPROXIMATELY
A$2.4
MILLION
    * PLACEMENT AT AN ISSUE PRICE OF A$0.016 PER SHARE
    * SHARE PURCHASE PLAN TO RAISE UP TO A$3 MILLION
    * SPP AT SAME PRICE PER NEW SHARE AS PLACEMENT OF A$0.016
PER
SHARE
    * FUNDS RAISED UNDER PLACEMENT AND SPP WILL BE USED TO
SUPPORT
PLATFORM DEVELOPMENT, FUNDING ONGOING OPERATIONS, AMONG OTHERS

Source text for Eikon:  ID:nASX7dB5Vq 
Further company coverage:  BEX.AX 
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