I Synergy Group Limited (ASX: IS3) Completes $100,000 Placement
Placement Details
I Synergy Group Limited (IS3) has successfully entered into a private placement subscription agreement to raise A$100,000. This capital will be generated through the issue of 20,000,000 ordinary shares at a price of $0.005 per share. The placement is with an unrelated party and is being executed under the company’s 15% placement capacity as per ASX Listing Rule 7.1A.
Use of Funds
The funds raised through this placement will be applied towards general working capital requirements of the company. An Appendix 3B detailing the issuance of new shares will follow this announcement.
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