Ezenet plans to raise A$1 million to A$1.5 million in private placement

By Sheri Kasprzak

Atlanta, March 10 - Ezenet Ltd. said it plans to raise between A$1 million and A$1.5 million in a private placement.

The offering will be in the form of a convertible note, but the terms of the deal are still being finalized, according to a statement from the company.

Based in Jolimont, Western Australia, Ezenet develops free-to-guests digital movie systems for hotels.

On Thursday, the company's stock closed down A$0.02 at A$0.12.

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