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Aumake: Secures commitments for $7M placement | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Aumake: Secures commitments for $7M placement

By Steve Sam

December 24, 2020

Aumake (AUK) has secured binding commitments to undertake a $7 million placement
Participants will also receive one free attaching option for every two shares purchased — however, this is subject to shareholder approval
These options will exercisable at 14 cents with expiry three years from issue
Aumake will also use the funds to promote and market its new online platform in Asia, build its e-commerce platform, and refurbish its flagship concept store in Sydney
Shares are expected to settle on December 29 and issued and allocated on December 30
Aumake is down 2.86 percent on the market and shares are trading at 6.8 cents