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News and Announcements

BIG Un Limited Rights Issue Closes Oversubscribed Raising $2.64m

  • Published June 08, 2016 10:43AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

7th June 2016, ASX Announcement

  •  Successful completion of 1 for 4 rights issue closing significantly oversubscribed raising $2.64 million
  • Oversubscription reflects the strong support and interest from new and existing shareholders, which included participation from board and management
  • Fund to accelerate global marketing roll-out and major enhancement of interactive video platform to further progress SaaS strategy and incraese subscription revenue

BIG Un Limited (ASX: BIG or ‘the Company’) is pleased to announce its non-renounceable rights issue, announced 10 May 2016, has closed significantly oversubscribed and raised a total of $2,638,117 (before costs).

The 1 for 4 rights issue consisted of a free attaching option for every two  new shares subscribed for. As a result, a total of 21,984, 307 new shares and 10,992,154 new options with an exercise price of $0.25 and expiry on 31 December 2017 were issued.

To view the full announcement, please click on the button below.

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