Subsequent Events Corporate
On 18 April 2017 BBX announced that it had received commitments to raise $1,319,668 via a placement of 20,267,857 shares to existing sophisticated and institutional investors at 5.6 cents per share to raise $1,135,000 (Placement), and through the early exercise of 5,763,400, options to raise a further $184,668. Shares were issued on 20 April and 27 April 2017 in settlement of the commitments.
BBX Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held