Conducts $1M Placement
Conducts $1M Placement
Sydney, Feb 19, 2018 AEST (ABN Newswire) - The Board of TopBetta Holdings Limited (ASX:TBH) ("TopBetta" or the "Company") is pleased to announce that the Company has received firm commitments to subscribe for 3,508,771 fully paid ordinary shares ("Placement Shares") to raise AUD$1M at 28.5 cents per Placement Share from sophisticated and institutional investors ("Placement").

The Placement is expected to be completed within 5 business days and the Placement Shares will be issued without disclosure under the Company's placement capacity under ASX Listing Rule 7.1.

Funds received will be used primarily for working capital and to strengthen the Company's future cash flow obligations.


About The Betmakers Holdings Limited

The Betmakers Holdings Limited (ASX:TBH), (OTCMKTS:TPBTF) (FRA:T07) formerly TopBetta Holdings Limited, is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services. Global Tote Australia Pty Ltd conducts TBH's Wholesale Business, which includes operating and licensing its wholesale tote product which enables licensed wagering operators, including corporate bookmakers and tote operators from all over the world, to participate in global pools. The Wholesale Business is conducted under a B2B licence granted by the UK Gambling Commission to Global Tote Limited, a company incorporated in Alderney, UK.

     


Contact

Charly Duffy
Company Secretary
E: companysecretary@topbetta.com
M: + 61-409-083-780

Jane Morgan
Investor & Media Relations
E: investors@topbetta.com
M: +61-405-555-618



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