CHP Completes $1M Placement
Sydney, Feb 12, 2018 AEST (ABN Newswire) - Chapmans Limited (
ASX:CHP) ("Chapmans" or "the Company") is pleased to announce the completion of a placement to raise $1,050,000 via the issue of 70M shares at $0.015.
The Company will issue the first 25M shares under its Listing Rule 7.1 capacity with the remainder to be issued subject to shareholder approval at a future general meeting, the timing of which is not yet known.
The funds will be used for working capital and as part of the investment in Securrency, Inc.
About Chapmans Limited
Chapmans Limited (ASX:CHP) is an ASX-listed diversified investment company engaged in special situation investments across a diverse range of industries, with a focus and expertise in the mobile and advanced industrial technology sectors. The Company seeks to be an active strategic investor in high growth areas of the market and to identify and work with emerging high growth companies. Chapmans' investment philosophy and approach are based on a unique mix of high conviction and special situation features, characterised by advisory and equity investments structured around specific events and assets for both public and large private corporates.
The Company made its first strategic investment into blockchain in 2017 and established the Blockchain Industry Advisory Board to identify and assess compelling blockchain investment opportunities. Chapmans' investment in blockchain technology aligns with its growth plans and commitment to investing in early stage technologies with reach into key international markets.
To learn more please visit: https://www.chapmansltd.com
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