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- Software and blockchain solutions company TYMLEZ Group (TYM) has completed its $2.8 million private placement
- Under the placement, the company issued over 25 million shares and 12.7 million options at 11 cents per share
- Funds from the raise will be used to support new contracts and growth in Europe and Australian operations
- Company shares are down 3.57 per cent and are trading for 13.5 cents per share
Software and blockchain solutions company TYMLEZ Group (TYM) has raised $2.8 million through a private placement.
The company issued over 25 million shares and 12.7 million options at 11 cents per share.
Funds from the raise will be used to support new contracts and growth in Europe, expanding operations in Australia and hire Australian manager and tech support staff.
In addition, for every two shares subscribed, investors will receive one free attaching option with an exercise price of 6.5 cents and an expiry date of December 31.
TYMLEZ directors, Daniel O’Halloran, Jitze Jongsma, Reinier van der Drift and Niv Dagan, have subscribed for a combined $140,000 worth of shares and attaching options in the placement.
The company entered a trading halt on Wednesday and today company shares are down 3.57 per cent and is trading for 13.5 cents per share at 11:26 am AEST.
