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DIGITALX LIMITED — Capital/Financing Update 2019
May 14, 2019
64762_rns_2019-05-14_f2aa15a3-feda-4183-9cfe-275f4f2c1d15.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
15 May 2019
A$3.75 Million Raised in SPP and Top Up Placement
DigitalX Limited (ASX:DCC) ( Company ) is pleased to announce that the Company’s Share Purchase Plan ( SPP ) has closed significantly oversubscribed, raising a total of A$2,460,000.
The Company has elected to accept the SPP oversubscriptions and has also received firm commitments for a Top-Up Placement ( Top-Up Placement) to raise an additional A$1,290,000, bringing the total raising to A$3,750,000. Patersons Securities Limited acted as Lead Manager and Underwriter to the SPP and Lead Manager to the Top-Up Placement.
Funds raised from the SPP and Top-Up Placement will be applied towards the evaluation of potential investment and acceleration opportunities and for general working capital.
Managing Director, Leigh Travers said “ Our aim with the SPP was to allow our loyal shareholders the opportunity to increase their holdings in the Company on favourable terms. We appreciate the support we have received from our shareholders and look forward to providing updates in due course.”
The Shares pursuant to the SPP and Top-Up Placement will be issued at an issue price of A$0.0677289 per Share being a 20% discount to the Volume Weighted Average Price traded on the ASX in the preceding 5 days to today’s allotment day. Applications pursuant to the SPP will be rounded down in accordance with the table below.
| Parcel Share Issue A$15,000.00 221,471 A$10,000.00 147,647 A$5,000.00 73,823 A$2,000.00 29,529 |
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Settlement for the Top-Up Placement is expected to occur on Monday, 20 May 2019.
An Appendix 3B will follow.
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For further information, please contact
DigitalX Limited Media Contact Leigh Travers Heidi Cuthbert Chief Executive Officer [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: +61 439 503 955 ● E: [email protected]
About DigitalX
DigitalX is a blockchain and cryptoasset finance company with offices in Perth, Sydney and New York. The company offers advisory services for new token offerings, asset management focused on technology, including blockchain and cryptoassets, blockchain development and media services.