Menu
Menu
Quickflix launches $3.2m rights issue

Quickflix launches $3.2m rights issue

Online movie rental company Quickflix (ASX:QFX) has launched a one for two rights issue to raise up to $3.2 million.

Shares under the non-renounceable rights issue will be offered at 3 cents each – a 33% discount on Quickflix' 30 day weighted average closing price.

The maximum number of shares to be issued is 106.6 million. Any shortfall will be placed by the directors within three months of the issue's closing.

QFX shares are today trading 15% lower at $0.034.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags ASX:QFXrights issueQuickflix

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO