Offer Document - Non-Renounceable Issue
| Stock | Flexiroam Ltd (FRX.ASX) |
|---|---|
| Release Time | 8 Jan 2025, 9:46 a.m. |
| Price Sensitive | Yes |
Flexiroam Ltd Announces Non-Renounceable Entitlement Offer
- Offer of 1 New Share for every 1 Share held at $0.005 per New Share
- Offer to raise up to approximately $3.9 million before costs
- Partially underwritten by Executive Director and interim CEO up to $1 million
Flexiroam Limited (ACN 143 777 397) is offering a non-renounceable entitlement offer to Eligible Shareholders of 1 New Share for every 1 Share held at the Record Date, at an issue price of $0.005 per New Share to raise up to approximately $3,928,219 before costs. The purpose of the Offer is to raise funds for contingent loan repayment obligations, costs of the Offer, and general working capital. The Offer is partially underwritten by Kenn Tat ('Jefrey') Ong, an Executive Director and the interim Chief Executive Officer of the Company, up to $1,000,000. Eligible Shareholders who take up their Entitlements in full may also apply for additional New Shares in the Top-Up Facility. The Offer opens on Thursday, 16 January 2025 and closes at 5:00pm (WST) on Thursday, 30 January 2025, unless the Closing Date is extended.