Bailador announces $17.45M capital raising

Company News

by Jessica Ellerm

Bailador Technology Investments Limited (ASX:BTI) has announced it has completed a $17.45 million equity raising to replenish its investable funds.

Chairman David Kirk indicated the equity round was undertaken to secure funds for a pipeline of high quality investments available to the business.

A Security Purchase Plan is expected to open on 2 December, with eligible shareholders given the opportunity to acquire up to $15,000 worth of shares.

Shares are priced at $1.03, a 3.7 percent discount to Bailador’s last closing price on 22 November.

Bailador Technology Investments Limited reported a net profit of $8.86 million at 30 June 2016.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.