Xref Receives $1m from warrant exercise
- Global reference checking and identity verification platform, Xref (XF1), receives $1 million from warrant exercise
- In July of last year the company entered into a four-year $5 million debt facility with PURE Asset Management (PURE)
- As part of the agreement approximately 14.3 million detached unlisted warrants were issued to PURE which now holds around 11.4 million warrants
- PURE exercised the some 2.9 million of their warrant holding at the exercise price of 35 cents
- Shares have been up 4.4 per cent trading at 60 cents
