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DIGITALX LIMITED — Capital/Financing Update 2019
Nov 14, 2019
64762_rns_2019-11-14_06b95b01-504b-4fcf-94d1-cc7547fde8b8.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
15 November 2019
Issue of shares for transfer of shares in BAM
Perth, 15 November 2019: On 16 April 2019, DigitalX Ltd (DigitalX or the Company) announced that it had entered into an agreement to acquire Bullion Asset Management Services Pte Ltd, the investment management firm behind xbullion. The terms of the agreement were set out in that announcement.
As part of the agreement, DigitalX acquired shares through a share subscription, received advisory shares and entered into an agreement to acquire existing shares from an existing shareholder (unrelated to DigitalX).
The Company has today completed the transfer of the shares referred to above and has received 800,000 BAM shares, valued at $1 per share in exchange for 9,411,764 DigitalX shares with a deemed issue price of $0.085 each, for a value of AU$800,000.
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About DigitalX
DigitalX is a Blockchain company with offices in Perth and New York. The Company offers blockchain consulting and development services and asset management services focused on technology, including Blockchain and emerging technologies.
For further information, please contact
DigitalX Limited Media Contact Leigh Travers Heidi Cuthbert Executive Director [email protected] [email protected] T: +61 411 272 366 T: +61 439 376 847
Suite 1, Level 2, 66 Kings Park Road, West Perth WA 6005 ● T: +61 8 9322 1587 ● E: [email protected]