Vmoto: Raising $1M to help with COVID-19
- Vmoto (VMT) has announced a $1M share purchase plan to act as a buffer during these uncertain times resulting from COVID-19
- Existing shareholders have the opportunity to subscribe for up to $30,000 worth of new shares
- If more than $1M is raised, company directors have the right to either accept over-subscriptions or scale back applications
- The share purchase plan will open on April 14 and shareholders can begin trading on the market on May 20
- Vmoto has dropped 17.1 per cent in midday trade and shares are selling for 14.5 cents each
