The Placement Shares have been issued without a disclosure document in accordance with section 708 of the Corporations Act 2001 (Cth) (Act) and were issued under the Company's placement capacity under ASX Listing Rule 7.1A and 7.1.
The shares issued under the Placement were issued as follows:
- 23,283,150 shares were issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; and
- 60,050,184 shares were issued under the Company's additional 10% placement capacity under ASX Listing Rule 7.1A.
Funds received from the Placement, in conjunction with existing cash, will be used to fund the Company's acquisitions of the Racing and Digital assets of leading international online sports betting company
Separately, the Company is currently in negotiations of commercial terms with several operators. While the Company is currently unable to determine the materiality of such negotiations, the Company will notify the market of such transactions in due course in accordance with its continuous disclosure obligations.
About
Contact:
Company Secretary
E: companysecretary@thebetmakers.com
M: + 61-409-083-780
Investor and Media Relations
E: investors@thebetmakers.com
M: +61-405-555-618
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