- Philippino fintech Peppermint Innovation (PIL) has secured firm commitments to raise $500,000 and continue expanding its operations in the Philippines
- The company will 50 million shares at one cent each, along with 35 million options to sophisticated investors under its current placement capacity
- Additionally, at the upcoming general meeting, Peppermint will ask its shareholders for approval to issue a further 15 million options
- These funds should settled within three days of Peppermint releasing its 2020 annual report
- The company has suspended on the Australian Stock Exchange since last year and aims to seek re-quotation after releasing its 2020 annual report
- Peppermint wants to release its December 2019 half-year report and the 2020 annual report next week
Peppermint Innovation: Raises $500k for Philippines operations
