The Company also confirms that it has issued the following options to Canaccord Genuity (Australia) Limited (Canaccord):
- 1 million options on the terms and conditions set out in the announcement on 23 November 2016 in consideration for the services provided by Canaccord to TopBetta in connection with the Placement; and
- 3 million options on the terms and conditions set out in the announcement on 18 August 2016 in consideration for the services provided by Canaccord to TopBetta in the connection with the capital raising announced on 18 August 2016, (together, the Options)
Both the shares issued under the Placement and the Options were issued without a disclosure document in accordance with section 708 of the Corporations Act 2001 (Cth).
The shares issued under the Placement were issued as follows:
- 3,918,078 shares were issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; and
- 11,081,922 shares were issued under the Company's additional 10% placement capacity under ASX Listing Rule 7.1A.
The Company is extremely pleased with this successful Placement, together with the approval of The Global Tote product by additional racing bodies, as announced on 28 November 2016.
The Board looks forward to updating the market on further progress in the coming weeks.
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About Topbetta Holdings Ltd
The Company has built proprietary technology platforms that combine an online racing and sports wagering offering with a fantasy wagering platform and enables sports fans to compete against each other via online tournaments.
Topbetta Holdings Ltd