- Aumake (AUK) has secured binding commitments to undertake a $7 million placement
- Participants will also receive one free attaching option for every two shares purchased — however, this is subject to shareholder approval
- These options will exercisable at 14 cents with expiry three years from issue
- Aumake will also use the funds to promote and market its new online platform in Asia, build its e-commerce platform, and refurbish its flagship concept store in Sydney
- Shares are expected to settle on December 29 and issued and allocated on December 30
- Aumake is down 2.86 percent on the market and shares are trading at 6.8 cents
