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Fatfish Group: Completes oversubscribed placement

October 26, 2020

Tech investment company Fatfish Group (FFG) has successfully completed a $1.5 million placement, which was heavily oversubscribed
The company received more than $7 million in bids and, as a result, the original $1 million target was increased to $1.5 million
100 million new fully-paid ordinary shares will now be issued to sophisticated investors at 1.5 cents each
Further, participants will receive one free attaching option for every two new shares subscribed for, subject to shareholder approval
Fatfish will use the funds to further develop its tech and expand into new areas
Company shares are up a healthy 44.4 per cent and are trading for 2.6 cents each