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DOTZ NANO LIMITED — Capital/Financing Update 2019
Apr 30, 2019
64794_rns_2019-04-30_522612c4-5f7a-4e7e-967f-1bd17dd516e4.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
1 May 2019
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Successful $1.5 million Placement supports Dotz Nano’s next stage of growth
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Firm commitments totaling A$1.5 million received
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Strategic investor “Lions Investment” and Dotz major shareholders participate in the Placement
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Funds raised will support Dotz Nano’s next stage of growth, progressing sales opportunities in Plastics, Lubricants, Fuel and Fracking markets
Dotz Nano Ltd (ASX: DTZ ), an advanced technology company developing, manufacturing and commercialising marking, tracing and verification solutions, is pleased to announce that it has successfully raised A$1.5 million via a share placement to sophisticated and professional investors ( Placement ).
Commenting on the successful Placement, Dotz Nano CEO Uzi Breier said: “We are very pleased to have received strong support for the Placement, from existing shareholders and new shareholders that believe in the Company’s ability to execute its growth strategy. In particular, a total of $1 million was invested by existing major shareholders and a new strategic investor, Lions Investments Ltd., who has relevant experience and relationships in Dotz’s target markets.
“Having implemented a major strategic shift over the last 11 months since joining as CEO, we are now positioned to execute and deliver on the sales opportunities we see. The two purchase orders announced earlier this year in the Plastics and Lubricants markets are a good validation to Dotz’s strategic direction and future prospects.
“This successful Placement reflects investor confidence in the ability of our technology to solve the significant challenges global companies face with counterfeiting and authentication across several key markets. Dotz’s complete and unique end-to-end solution is applicable across multiple markets addressing a global US$2.2 trillion problem,” added Mr. Breier.
Placement proceeds will be used for ongoing operations as well as to pursue new Purchase Order contracts in the Lubricants, Fuels, Plastics and Fracking (including completion of testing) market segments, alongside progressing marketing and sales capabilities.
Placement details
Dotz Nano has successfully undertaken a share Placement to sophisticated and professional investors, raising A$1.5 million (before costs). The Placement was strongly supported by existing investors as well as strategic investor, Lions Investments Ltd., and several high quality sophisticated investors. The Placement will be undertaken using the Company's available Listing Rule 7.1 capacity and the capacity available pursuant to the shareholder approval received on 10 April 2019.
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The Placement comprises an offer of 25 million fully paid ordinary shares ( Shares ) in Dotz Nano at an issue price of $0.06 (6 cents) per share, inclusive of a 1 for 2 attaching unlisted option valid for two years and exercisable at $0.085 (8.5 cents) each.
New shares issued under the Placement will rank equally with the Company’s existing ordinary shares on issue.
Market Eye was appointed corporate adviser in relation to the Capital Raising, while Hunter Capital acted as Lead Manager.
Timetable of key dates
Below is an indicative timetable for completion of the Placement:
| Announcement of completion of Placement and suspension lifted | Wednesday, 1 May 2019 |
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| Settlement of new shares issued under the Placement | Friday, 3 May 2019 |
| Normal trading of new shares under the Placement | By Monday, 6 May 2019 |
For further information, please contact:
Investors Media Company Secretary Eric Kuret Tristan Everett Ian Pamensky Market Eye Market Eye Company Secretary P: +61 3 9591 8904 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 anti-counterfeiting, 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: anticounterfeiting, 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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