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DOTZ NANO LIMITED — Capital/Financing Update 2019
Jul 22, 2019
64794_rns_2019-07-22_6d4bab88-9963-434d-9aa8-7ffb0bacdf83.pdf
Capital/Financing Update
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23 July 2019
ASX ANNOUNCEMENT
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Successful $1 million Placement to progress commercialisation activities
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Commitments for A$1 million received from sophisticated and professional investors.
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Funds raised will be used to complete advanced engagements with potential customers in the fuel and fracking industries.
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Placement will also enable Dotz to increase its sales and marketing activities, progress R&D and support working capital.
Dotz Nano Ltd (ASX: DTZ) , an advanced technology company developing, manufacturing and commercialising marking, tracing and verification solutions, has successfully raised A$1 million before costs via a share placement to sophisticated and professional investors ( Placement ).
Funds raised will be used to progress commercialisation activities, including finalising advanced commercial engagements with potential customers in the high-value fuel and fracking industries. Placement proceeds will also enable Dotz to pursue opportunities in the lubricants, cannabis and plastics sectors, increase its sales and marketing activities and progress research and development.
Commenting on the successful Placement, Dotz CEO Uzi Breier said: “We are very pleased to have received support from existing and new shareholders that believe in the company’s end-to-end authentication technology and our ability to execute on our new go-to-market strategy.
“While Dotz has made significant progress by focusing on end-customers in three main market segments, sales in the advanced materials sector take time.
“Pilots and proof of concepts are standard practice and many of the customers within our key target markets of anti-counterfeiting, product liability and oil and gas, require customisation. We remain focused on converting these customisation activities to sales and I’m confident that we will be able to announce new sales in the near future.
“Our end-to-end technology is industry-leading in our key market segments and can be inserted directly into a range of materials, such as plastic and bulk liquids, without affecting the properties or appearance of the end product. We are able to solve real-world challenges for manufacturers, offering product authentication and verification throughout the supply chain.”
Placement details
Dotz Nano has successfully undertaken a share Placement to sophisticated and professional investors, raising A$1.0 million before costs. The Placement was supported by new and existing investors. The Placement will be undertaken using the Company's available Listing Rule 7.1 capacity. The Placement comprises an offer of approximately 16,129,033 fully paid ordinary shares (Shares) in Dotz Nano at an issue price of $0.062 (6.2 cents) per Share, inclusive of a 1 for 2 attaching unlisted
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option valid for two years and exercisable at $0.09 (9 cents) each. The Company intends to issue all Shares pursuant to its Listing Rule 7.1 capacity.
New Shares issued under the Placement will rank equally with the Company’s existing ordinary shares on issue.
EverBlu Capital Pty Ltd ( EverBlu ) was appointed Corporate Adviser and Lead Manager in relation to the Placement. For its role as Lead Manager and on-going engagement as Corporate Advisor, EverBlu will receive a 6% fee, 10 million unlisted options with an exercise price of AUD $0.10 each and an expiry date 2 years from the date of issue and 1 million ordinary shares. Pursuant to the Corporate Advisory Mandate with EverBlu, the issue of unlisted options and ordinary shares to Everblu require’s shareholder approval. Should the Company not obtain approval within 60 days, the Company will be required to pay EverBlu $100,000.
Timetable of key dates
Below is an indicative timetable for completion of the Placement:
| Announcement of completion of Placement and trading halt lifted | Tuesday, 23 July 2019 |
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| Settlement of new shares issued under the Placement | Thursday, 25 July 2019 |
| Normal trading of new shares under the Placement | Monday, 29 July 2019 |
For further information, please contact:
| Investors | Media | Company Secretary |
|---|---|---|
| EverBlu Capital | Tristan Everett | Ian Pamensky |
| Market Eye | Company Secretary | |
| P: +61 2 8249 0000 | P: +61 3 9591 8905 | P: +61 414 864 746 |
| E: [email protected] | E: [email protected] | E: [email protected] |
About Dotz Nano Limited
Dotz Nano Limited (ASX: DTZ) is a technology leader in research, production and marketing of anticounterfeiting, authentication and tracing solutions. Dotz has established distributors in North America, Europe and Japan as well as scientific collaborations and partnerships with leading academic institutes.
Its unique products ValiDotz, BioDotz, Fluorensic and InSpec are exceptional solutions for numerous applications, such as: anti-counterfeiting, brand & reputation protection, oil & gas industry, liquids tagging, lubricants and DEF authentication, polymers tagging and bio-imaging.
To learn more about Dotz, please visit the website and corporate video via the following link; www.dotz.tech
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