• Raised $982,071.27 through issue of 32,735,709 new shares at $0.03 per share
• Proceeds to strengthen working capital and support business strategy execution
• Received support from new international and Australian investors

Australian Bond Exchange Holdings Ltd (ASX:ABE) has announced the completion of a private placement, raising $982,071.27 through the issue of 32,735,709 new fully paid ordinary shares at an issue price of $0.03 per share. The proceeds from the placement will be used to strengthen the company's working capital position and support the continued execution of its business strategy. In addition to the company's existing placement capacity under ASX Listing Rule 7.1, ABE Holdings also received shareholder approval to issue additional shares equal to 10% of its issued capital under Listing Rule 7.1A.2. ABE Holdings' Chief Executive Officer, Bradley McCosker, commented that the company was pleased to have secured strong support and firm commitments for the full amount of the placement, including from new international and Australian investors. The funds raised will help the group strengthen its financial position and provide additional flexibility as it progresses strategic opportunities.