SW1 0.00% 1.0¢ swift networks group limited

Ann: Swift Makes Transformational Acquisition of Video on Demand, page-17

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    "Acquisition Funding

    In order to fund the Acquisition, the Company has received binding commitments to raise $4.5 million via a placement of 18 million fully paid ordinary shares to institutional investors at $0.25 per share (Placement) and has entered into debt facility with Bankwest to raise a further $3 million (Facility)."
 
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