VMob plans to raise up to $4 mln in placement, needs shareholder backing

VMob plans to raise up to $4 mln in placement, needs shareholder backing
Jonathan Underhill
By Jonathan Underhill April 13 (BusinessDesk) - VMob, the mobile advertising firm that joined the NZX main board in January, plans to raise as much as $4 million in a private placement, triggering a requirement that it get shareholder ratification of previous placements to keep annual stock issuance within the threshold of listing rules. The company plans to raise $3 million in a placement of 7.5 million shares at 40 cents apiece, with over-subscriptions of up to $1 million, the company now headquartered in San Francisco said in a stateme...