Rights Issue Allotment Completed
Sydney, Nov 27, 2014 AEST (ABN Newswire) - Indoor Skydive Australia Group Limited (
ASX:IDZ) (ISA Group) today advises the allotment of 6,782,647 fully paid ordinary shares pursuant to the Rights Issue announced on 3 November 2014.
The Rights Issue, together with the Institutional Placement completed on 31 October 2014, raised $14.5 million (before costs) of new capital (Capital Raising). Given the success of the capital raising which positions ISA Group to complete the Gold Coast and Perth Projects, ISA Group does not intend to place the shortfall under the Rights Issue.
ISA Group now has a total of 117,406,870 shares on issue, of which 97,906,870 are listed on ASX and 19,500,000 are held in escrow until 18 January 2015.
About Indoor Skydive Australia Group Ltd
Indoor Skydive Australia Group (
ASX:IDZ) was established on 04 Nov 2011 as the parent company to facilitate a number of indoor skydiving facilities to cross our region in the next 3-5 years. These facilities allowing human flight within a safe environment are currently used by tourists, enthusiasts and military throughout the world including the Australian Military and active Skydivers. Flexible operating hours, low overheads and proven technology are just a few of the highlights that support the company’s business model.
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