Global mobile marketer VMob oversubscribed in $3.3M local capital-raise

Pattrick Smellie
Mon, 30 May 2016

By Pattrick Smellie May 31 (BusinessDesk) - Australian and New Zealand high net worth investors and institutions have stumped up $3.3 million to help mobile marketing platform VMob pursue offshore expansion, particularly in the US. The NZX-listed, San Francisco-headquartered company was seeking $3 million and accepted over-subscriptions of $312,740 for the issue of 8,953,351 new ordinary shares at 37 cents apiece, down from a proposed 40 cents, "to accommodate a strategic investor," VMob said in a statement. The announcement came after...

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