Way2VAT Secures additional $300k in private placement, closes SPP early
- Way2VAT (W2V) secures an additional $300,000 from Moneta Seeds in a private placement at 5.1 cents a share, closing its planned share purchase placement (SPP) early
- Moneta Seeds is an entity associated with Adoram Ga’ash, the Non-Executive Chairman of Way2 VAT
- The price is the same issue price as the $1.09 million placement to institutional and sophisticated investors
- Funds raised from the placement will be mainly used on the company’s Smart Spend Debit MasterCard initiatives that include accelerating growth of the card in the Europe
- W2V shares are up 11.4 per cent, trading at 4.9 cents as of 1:32 pm AEST
