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CardieX: Announces $1M share purchase plan

December 6, 2020

CardieX (CDX) has announced a share purchase plan (SPP) and will aim to raise up to $1 million
Through the offer, the health tech developer will issue up to 20 million new ordinary securities for 5 cents per share
The company has the right to close the SPP early, scale back applications, or accept amounts above or below the $1 million target
Under the plan, eligible shareholders will be able to subscribe for up to $30,000 worth of shares without incurring any costs
In late September, CardieX signed a commercial partnership with technology company Mobvoi to launch a new line of health-focused smartwatches
Shares in CardieX are down 3.77 percent and are trading at 5.1 cents