Facilitate launches rights issue to raise $750k

Digital advertising solution provider Facilitate Digital (ASX:FAC) has launched a rights issue to raise $750,000.

The company is inviting shareholders to participate in a 12-for-1 rights issue at a purchase price of $0.08 per share.

The issue has been fully underwritten by G&D Dixon Investments, Gemline and Ian Lowe ATF Big Green Truck Trust.

FAC shares are currently trading 15% lower at $0.085.