Newly-listed VMob to raise $5M in private placement, share purchase plan to follow

Thu, 06 Sep 2012

By Paul McBeth Sept. 7 (BusinessDesk) - Vmob, the smart-phone voucher application firm that listed on the NZAX last week, is on the prowl for fresh capital and wants to raise up to $5 million in a private placement, with a share purchase plan to follow. The Auckland-based company will look for funds from eligible investors on both sides of the Tasman, it said in a statement. Once that's complete, it will make an offer to shareholders who joined the company through its backdoor listing using the Velo Capital shell. "The new capital raised w...

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