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DATADOT TECHNOLOGY LIMITED — Capital/Financing Update 2009
Mar 23, 2009
64764_rns_2009-03-23_010e3176-1c46-4dab-9d35-9f15118869fb.pdf
Capital/Financing Update
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DataDot Technology Limited
ABN: 54 901 908 726
Stock Exchange Announcement
24 March , 2009
CAPITAL RAISING
The Directors of DataDot Technology Limited (ASX:DDT) announce that the company is undertaking a capital raising initiative to raise approximately $1.9 million. The raising is being undertaken in two tranches:
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The Company has engaged KTM Capital Pty Limited to conduct a placement of 22,436,622 shares, representing 15% of issued capital, at 1 cent per share, raising approximately $224,000; and
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The Company is to undertake a non-renounceable rights issue, on a one-for-one basis, to existing shareholders at a price of 1 cent per share. Existing shareholders will include shareholders who acquire shares in the placement. The issue will raise approximately $1.7 million.
Both issues have been underwritten by KTM Capital Pty. Limited.
The Record Date for the rights issue will be 14 April 2009 and entitlement forms to participate in the rights issue will be despatched to shareholders on 20 April 2009.
It is expected that documentation concerning the proposed rights issue will be despatched to shareholders later this week.
For further information contact
Mr. Ben Bootle Acting Chief Executive Officer DataDot Technology Limited Phone: +612 89774900 Fax: +612 9975 4700 Web: www.datadotdna.com
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