Snakk Media to raise up to $2.3M selling shares at discount to fund growth

Jonathan Underhill
Sun, 04 Oct 2015

Oct. 5 (BusinessDesk) - Snakk Media, the mobile advertisement developer, plans to raise up to $2.3 million selling shares at a discount to fund its growth plans and affirmed its intention to move its stock to the fledgling NXT market from the NZAX. Snakk is offering to raise $1.5 million selling shares at 4.5 cents apiece, and will accept $800,00 of over-subscriptions. The price is an 8.2 percent discount to where the shares closed on Oct. 2. The shares fell 4.1 percent to 4.7 cents today and have declined 49 percent in the past 12 months....

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