(MENAFN- ABN Newswire)
Completes $2.55 Million Placement Sydney, Mar 23, 2018 AEST (ABN Newswire) - DroneShield Limited ( ---------------------------------------------------------------------- Number of % of post Placement securities issued issued share capital Ordinary shares issued under Listing Rule 7.1 9.32m 5.41% Ordinary shares issued under Listing Rule 7.1A 2.84m 1.65% Ordinary shares to be issued assuming all the Class A options issued under Listing Rule 7.1 are exercised 3.04m 1.77% ---------------------------------------------------------------------- Total 15.21m 8.83% ----------------------------------------------------------------------
- The Company issued shares as a placement to institutional, sophisticated and professional investors (rather than as a pro rata issue) as this was considered to be the most efficient and expedient mechanism for raising funds in a timely matter.
- The Company did not enter into an underwriting arrangement in connection with the Placement.
- Fees of approximately $142,584 have been incurred in connection with the issue.
About DroneShield Ltd
Headquartered in Sydney, Australia, DroneShield Ltd ( ASX:DRO ) ( OTCMKTS:DRSHF ) is a worldwide leader in drone security technology. The Company has developed the pre-eminent drone security solution that protects people, organisations and critical infrastructure from intrusion from drones. Its leadership brings world-class expertise in engineering and physics, combined with deep experience in defence, intelligence, and aerospace.
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