Sophisticated investors placement
Healthcare solutions company MediVac Limited [ASX:MDV] announced today that it had raised $492,093.78 through the issue of 98,418,756 ordinary shares to sophisticated investors.
This follows a successful recent road show and presentations to stockbrokers in Sydney and Melbourne. The road show and funding were organised with the assistance of Alpha Securities, a boutique Financial Services Securities firm with strategic alliances across all facets of the financial markets.
Shareholder approval for the above placement will be sought at a forthcoming General Meeting of the Company to refresh its ability to raise new funds under Listing Rule 7.1.
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