By Sheri Kasprzak
New York, Aug. 25 - Konekt Ltd. said it has received binding agreements from institutional investors for its A$5.2 million private placement.
The company sold 9,454,545 shares at A$0.55 each.
The proceeds will be used to retire debt and fund growth.
Findlay Stockbrokers Ltd. and D.J. Carmichael & Co. were the placement agents.
Based in Sydney, Australia, Konekt is a vocational rehabilitation company.
| Issuer: | Konekt Ltd.
|
| Issue: | Stock
|
| Amount: | A$5.2 million
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| Shares: | 9,454,545
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| Price: | A$0.55
|
| Warrants: | No
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| Placement agents: | Findlay Stockbrokers Ltd.; D.J. Carmichael & Co.
|
| Announcement date: | Aug. 25
|
| Stock price: | A$0.61 at close Aug. 25
|
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