BBX announces $450k rights issue

BBX announces $450k rights issue

Business-based online trade broker BBX Holdings (ASX:BBX) has announced a non-renounceable rights issue to raise $450,000.

Eligible shareholders will have the right to purchase two new shares for every three shares they own, at an issue price of $0.01 each.

The proceeds from the rights issue will be used to pay creditors' claims, fund evaluation of new opportunities and as general working capital.

The offer has a closing date of October 8. BBX shares are today trading unchanged at $0.010.

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Tags BBX Holdingse-commercerights issueASX:BBXcapital raising

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