Webfirm completes $7.5m placement

Webfirm completes $7.5m placement

Internet technology and marketing company Webfirm Group (ASX:WFM) has completed a $7.5 million capital raising via a share placement.

The company has placed 58.3 million shares at $0.13 per share in a heavily oversubscribed placement.

The proceeds will be used to help fund expansion into international markets – particularly Europe – and for general working capital, Webfirm said.

Webfirm has also announced a share purchase plan worth up to $4 million for existing investors.

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Tags ASX:WFM Webfirm

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