Webfirm Group Limited (ASX: WFM) (“Webfirm”) is pleased to announce that it has successfully completed a placement of $3.6 million to help fund key business growth initiatives.
Among the investors is Chris Morris, executive chairman of Computershare Limited, who has subscribed for 16.6m shares in the Company’s second tranche of the raising. The Webfirm Group board of directors is encouraged by Mr Morris’ decision to support Webfirm by taking a significant stake. The directors are also very pleased with the overall response from investors, noting the offer was heavily oversubscribed.
..Very interesting development
WFM Price at posting:
6.5¢ Sentiment: LT Buy Disclosure: Held