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Spookfish Announces Successful Completion of $6.0m Placement

-  Placement to high net worth, institutional investors and existing major shareholders closed oversubscribed to raise $6.0m
-  Funds to advance the development of the large scale Generation Two system and leverage the technological breakthroughs tested in the Generation One system
-  Spookfish Generation Two system will have the capability to provide cost effective, country wide capture in high resolution
Spookfish Limited (ASX:SFI) (“Spookfish” or “the Company”) is pleased to announce that $6.0m was successfully raised through a placement to sophisticated and institutional investors. The Company will issue approximately 109.1m fully paid ordinary shares at an issue price of $0.055 per share. Euroz Securities acted as lead manager to the placement.
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