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FATFISH GROUP LIMITED — Capital/Financing Update 2018
Jan 30, 2018
64911_rns_2018-01-30_2371d751-9ea1-4440-9279-6a99d1af91e3.pdf
Capital/Financing Update
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Fatfish Internet Group Ltd (ACN 004 080 460) Level 4, 91 William Street Melbourne VIC 3000 Australia
31 January 2018 ASX Announcement
Tranche 2 Private Placement -20 million shares
The Board of Directors of Fatfish Internet Group Limited (ASX Code: FFG) (“ the Company ”) refers to the announcement made by the Company on 4 December 2017 with regards to the completion of a private placement exercise and the shareholder approvals obtained in the Extraordinary General Meeting of shareholders held on 25 January 2018 (“EGM”) that allows the Company to issue up to 40 million shares via private placement at A$0.05 per share.
In view of the higher prevailing trading price and strong interest in the Company shares the Board of Directors of the Company has decided to issue only 20 million shares instead of the approved amount of 40 million shares. The 20 million shares is being subscribed by a prior committed strategic investor as part of the second tranche arrangement (“Tranche 2”) of the private placement announced on 4 December 2017.
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About Fatfish Internet Group
Fatfish Internet Group Ltd (ASX Code: FFG) is a publicly traded international internet venture investment and development firm. FFG partners with entrepreneurs and experienced executives to build and grow internet businesses via a co-entrepreneurship model. FFG focusses on emerging global technology trend, specifically FFG has been investing strategically across
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Fatfish Internet Group Ltd (ACN 004 080 460) Level 4, 91 William Street Melbourne VIC 3000 Australia www.fatfish.co
various sectors of cryptocurrency, fintech and consumer internet technologies.
FFG operates from its international venture hubs located in Singapore, Kuala Lumpur and Stockholm.
For further question on this release, please contact Investor Relations Team [email protected] or visit www.fatfish.co