Cirralto private placement to raise ~$574,000

Cirralto Limited (ASX: CRO) has announced private placement to raise ~$574,000 on December 19, 2019. The company will issue 83,271,427 ordinary shares in the Company at $0.007 per share, raising $582,900 pursuant to the Placement.

The Placement was supported by new sophisticated investors, as well as several existing shareholders.

Canary Capital Limited acted as Lead Broker to the Placement.

Cirralto incurred a brokerage fee of 6% of funds raised by Canary Capital

The company would also issue Canary Capital up to 10,400,000 unlisted options with an exercise price of 2.5 cents per option expiring 3 years from the date of issue.

The Placement was supported by new sophisticated investors, as well as several existing shareholders.

Canary Capital Limited acted as Lead Broker to the Placement.

Cirralto incurred a brokerage fee of 6% of funds raised by Canary Capital

The company would also issue Canary Capital up to 10,400,000 unlisted options with an exercise price of 2.5 cents per option expiring 3 years from the date of issue.

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