PLACEMENT COMPLETED TO ACCELERATE BUSINESS GROWTH STRATEGY
Completion of Placement and Appendix 3B
Sydney, 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:
http://abnnewswire.net/lnk/08PP23FE
About Betmakers Technology Group Ltd
Betmakers Technology Group Ltd (ASX:BET) (OTCMKTS:TPBTF) 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.
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