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MINDAX LIMITED — Capital/Financing Update 2023
Apr 18, 2023
65308_rns_2023-04-18_aae28155-8eb8-47a6-9de9-a4d8b0d1bc8a.pdf
Capital/Financing Update
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COMPLETION OF $2.5M PLACEMENT
ASX ANNOUNCEMENT
19 April 2023
ASX Code: MDX ABN: 28 106 866 442
Principal Address and Registered Office Level 1, Suite 3 17 Ord Street West Perth WA 6005 Telephone: +61 8 9389 2111 Email: [email protected]
Investor Enquiries Mr Benjamin Chow AO Chair Telephone: +61 8 9389 2111 Email: [email protected]
Mindax Limited ( Mindax or the Company ) is pleased to advise the Company has successfully raised $2.5 million (before fees) through the Placement of 50 million fully paid ordinary shares at 5 cents per share to parties unrelated to the Company (“ Placement ”).
The Placement provides the Company with additional working capital and has been completed utilising the Company’s existing placement capacity according to ASX Listing Rule 7.1.
A fee equivalent to 5% of funds raised (to be settled by the issue of fully paid ordinary shares in the capital of the Company at the Placement issue price) is payable. The Company intends to settle this fee as soon as practicable. The fee is payable to Mr Zelong Zeng in accordance with a mandate entered into with him.
The Company will lodge an Appendix 2A for this Placement.
This announcement has been authorised for release by Benjamin Chow AO, Chairman.
End of Announcement
Benjamin Chow AO Chairman Mindax Limited Telephone: +61 8 9389 2111
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MINDAX LIMITED | www.mindax.com.au