- Aumake (AUK) secures binding commitments to raise $375,000 via a share placement
- The money will be raised through the issue of 100 million fully-paid ordinary shares priced at 0.37 cents each
- Subject to shareholder approval, Aumake directors have committed to subscribe for up to a further $80,000 worth of shares and options on the same terms as the placement
- Aumake will use the money to continue operating its eCommerce business and for corporate purposes
- Aumake shares have ended the day trading steady at 0.4 cents each
Aumake (AUK) has secured binding commitments to raise $375,000 via a share placement.
The money will be raised through the issue of 100 million fully-paid ordinary shares at 0.37 cents each.
This price represents a 6.25 per cent discount to Aumake’s last closing price of 0.4 cents on November 2 and a 23.5 per cent discount to the 15-day volume-weighted average price.
Additionally, participants will receive one free-attaching option for every two shares issued, exercisable at 0.8 cents with expiry on December 31, 2024.
Subject to shareholder approval, Aumake directors have committed to subscribe for up to a further $80,000 worth of shares and options on the same terms as the placement. This will take the total amount raised to $455,000 before costs.
If shareholder approval is obtained, 21,333,333 shares and 10,666,666 free-attaching options will be issued.
Aumake will use the money to continue operating its eCommerce business and for corporate purposes.
Shares are expected to settle on November 11 and be allocated on November 14.
Aumake shares ended the day trading steady at 0.4 cents each.