Tomizone seeks A$2 mln in share issue as boardroom shuffle puts Wolfstrike's Bailey in charge

Tue, 04 Jul 2017

By Rebecca Howard July 4 (BusinessDesk) - Auckland-based and ASX-listed wi-fi service provider Tomizone wants to raise about A$2 million to repay debt as a boardroom shake-up sees its one of its bondholders assume the chair. The company successfully completed a private placement of new shares, raising A$200,000 at 1.5 cents a share, and is undertaking a pro-rata entitlement offer to raise up to a further A$1.84 million at the same price, it said in a statement to the ASX. That's a 23 percent discount to the theoretical ex-rights price, a...

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