By Laura Lutz
Des Moines, May 16 - ConnXion raised A$2 million from a private placement of shares.
The company sold 12.5 million shares at A$0.16 each.
The company said it will use the proceeds to deliver on recent contracts and accelerate growth.
Sydney, Australia-based ConnXion provides document production and delivery.
| Issuer: | ConnXion
|
| Issue: | Shares
|
| Amount: | A$2 million
|
| Shares: | 12.5 million
|
| Price: | A$0.16
|
| Warrants: | No
|
| Settlement date: | May 16
|
| Stock symbol: | Australia: CXN
|
| Stock price: | A$0.17 at close May 16
|
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