PLACEMENT COMPLETED TO ACCELERATE BUSINESS GROWTH STRATEGYSydney, Aug 29, 2017 AEST (ABN Newswire) - Further to the announcement on the 23rd August 2017, the Board of TopBetta Holdings Limited (ASX:TBH) ("the Company") is pleased to announce that it has completed the issue and allotment of 21,445,681 fully paid ordinary shares ("Placement") to raise AUD $9,007,186.02 (before costs) at 42 cents per share from sophisticated and institutional investors.
The shares issued under the Placement 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:
- 8,129,909 shares were issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; and
- 13,315,772 shares were issued under the Company's additional 10% placement capacity under ASX Listing Rule 7.1A.
The Company's CEO, Todd Buckingham commented: "The Company is extremely pleased with the successful placement. It puts us in a great position to capitalise on the recently announced UK and US licences and to push forward on the retail side of TopBetta Pty Ltd's business as well."
"With the Spring carnival fast approaching we're looking forward to updating the market on the business progress."
An Appendix 3B and cleansing statement are attached in link below in respect of the Placement.
To view the placement details, please visit:
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