Novatti Group Limited (ASX:NOV) (Novatti or Company) is pleased to announced it has received commitments via a placement to professional and sophisticated investors to raise approximately $2 million (Placement) to further the Company’s application for a restricted banking license and working capital.
The Placement will result in the issue of 9,524,477 new fully paid ordinary shares at an issue price of $0.21 per new share within the Company’s current placement capacity under Listing Rule 7.1, totalling $2,000,140.17. Allotment and issue of the new shares under the Placement is expected to occur on 28 March 2019.
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