migme Limited: Share Placement to raise $7,000,000
(firmenpresse) - Share Placement to raise $7,000,000
migme Limited (ASX: MIG), is pleased to announce that it has received firm commitments for the raising of $7,000,000 pursuant to the issue of 10,447,761 ordinary fully paid shares at an issue price of $0.67 per share (the Placement).
The Placement was originally intended to be $5 million but as a result of demand oversubscriptions of in excess of $2 million were received.
The Placement was jointly managed by BBY Limited and Patersons Securities Limited and was made to institutional, sophisticated and professional investors only, and supported by existing major shareholders.
The funds raised from the issue will be used to strengthen migmes position as a global media company focused on emerging markets.
Settlement for the Placement is expected to occur on Thursday 19 April 2015.
Michael Higginson
Company Secretary
Media contacts
Australia/Asia - USA / Asia
Luke Forrestal - Timothy Johnson
Mobile: (+61) 411 479 144 - Mobile: (+1) 408 499 7617
lforrestal(at)canningspurple.com.au - tim.j(at)mig.me
About migme Limited
migme Limited (ASX: MIG | WKN: A117AB) is a global digital media company focused on emerging markets. We deliver social entertainment services through mobile apps migme and LoveByte and artist management website alivenotdead. The Company is listed and registered in Australia. Headquarters are in Singapore with offices in Malaysia, Indonesia, Taiwan and Hong Kong.
For more information, please visit http://company.mig.me
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migme Limited ABN 43 059 457 279
13/36 Johnson Street, Guildford, Western Australia 6055
Mailing Address; PO Box 566, Belmont, Western Australia, 6984, Telephone: +61-8-9378 1188
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News-ID 385000
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Wien
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Business News
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