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ROCKETDNA LTD. — Capital/Financing Update 2020
Dec 6, 2020
65709_rns_2020-12-06_9a2434ec-5d4f-4b6f-a826-8a20f5b084e0.pdf
Capital/Financing Update
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Delta Drone International Limited (formerly ParaZero Limited)
ASX Announcement
7 December 2020
Closure of Offer – Maximum Raised Following Excess Demand
Further to recent announcements, Delta Drone International Limited (formerly ParaZero Limited) ( Company ) is pleased to advise that the offer under its prospectus dated 10 November 2020 ( Prospectus ) has now closed following strong support from both domestic and international investors.
The Company has raised the maximum amount under the offer of $5,000,000 (before costs) following demand in excess of 15% more than the maximum amount sought.
The Company will now proceed with completion of the offer and the proposed acquisition of 100% of the share capital in Delta Drone South Africa from Delta Drone SA, as well as the finalisation of the formal relisting process with ASX.
The Company wishes to advise that the indicative timetable set out in the Prospectus has been further updated as follows to reflect the offer having now closed:
| UPDATED INDICATIVE TIMETABLE | |
|---|---|
| Offer Period closes | 7 December 2020 |
| Issue of New Shares | 16 December 2020 |
| Despatch of holding statements | 17 December 2020 |
| Quotation of Shares on ASX | 22 December 2020 |
The above dates are indicative only and may change without notice.
This announcement has been authorised for release by the Board of Delta Drone International Limited.
-ENDS-
For further information, contact:
Investors Eric Kuret Market Eye P: +61 417 311 335 E: [email protected]
Media
Tristan Everett Market Eye P: +61 403 789 096 E: [email protected]
Delta Drone International Limited ACN 618 678 701
T: +61 8 6189 1155 | A: Level 27, 101 Collins Street, Melbourne Vic 3000