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ACUMENTIS GROUP LIMITED — Capital/Financing Update 2017
May 28, 2017
64295_rns_2017-05-28_fd38ea29-3db8-40c2-ab1a-424d667005b3.pdf
Capital/Financing Update
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29 May 2017
LandMark White Limited ABN: 50 102 320 329
Level 15, 55 Clarence Street Sydney NSW 2000 GPO Box 3359 Sydney NSW 2001
Telephone: (02) 8823 6300
Placement closes fully subscribed and notice of rights issue under-subscriptions
LandMark White Limited ( ASX: LMW ) ( LMW or Company ) is pleased to announce that the placement to raise $10 million at $0.60 each ordinary share relating to the Company’s proposed acquisition of MVS closed fully subscribed at 5pm on Friday 26 May 2017.
Any oversubscriptions will be applied towards the shortfall under the 3 for 5 non-renounceable rights issue which closed at the same time. Under the rights issue the company received acceptances in relation to 6,131,495 new shares raising $3,678,897.
Placement of 11,596,970 ordinary shares at $0.60 each, being the rights issue undersubscriptions, is expected to be completed over the next couple of days.
The funds raised under the rights issue and placement will be applied primarily to the acquisition of MVS which, subject to satisfaction of any remaining conditions is expected to complete on or about 31 May 2017.
For further information, please contact John Wise at [email protected] or via telephone on (02) 8823-6364.
Landmark White Limited