Digital Wine Ventures: Raises $6.15M for WINEDEPOT expansion
- Digital Wine Ventures (DW8) plans to raise up to $6.15 million to expand its WINEDEPOT platform
- While the platform is still solidifying its presence in Australia, it plans to expand into key global wine markets
- $5 million will be raised through a share placement to institutional and sophisticated investors
- Company directors intend to contribute a further $150,000, however, this is subject to shareholder approval
- Additionally, Digital Wines will conduct a share purchase plan to raise $1 million
- Company shares are down 12.5 per cent and are trading for 3.5 cents
