Bailador announces $17.45M capital raising

25/11/2016 11:09:00

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Bailador Technology Investments Limited (ASX:BTI) has announced it has completed a $17.45 million equity raising to replenish its investable funds.

Chairman David Kirk indicated the equity round was undertaken to secure funds for a pipeline of high quality investments available to the business.

A Security Purchase Plan is expected to open on 2 December, with eligible shareholders given the opportunity to acquire up to $15,000 worth of shares.

Shares are priced at $1.03, a 3.7 percent discount to Bailador’s last closing price on 22 November.

Bailador Technology Investments Limited reported a net profit of $8.86 million at 30 June 2016.