Alexium International Group Completes $12m Institutional Placement and Announces $3m SPP

Alexium International Group Limited ASX: AJX, NASDAQ Designation: AXXIY is pleased to announce the successful completion of a placement (Placement) of 34.3 million new Alexium shares (New Shares). The New Shares will be issued at a price of $0.35 per New Share, which represents a 7.9% discount to the last close price of $0.38 on Wednesday 6 December 2017 and a 5.2% discount to the 30 day volume weighted price.

The placement was oversubscribed and the Board of Alexium welcomes a number of new institutional investors to the register and thanks existing institutions for their ongoing support. Members of the Board and Management of the Company have committed to subscribing for approximately 750,000 New Shares, being $275,000 subject to shareholder approval, to be sought at a general meeting of the Company to be held at the earliest convenient time. These shares are included in the 34,300,000 to be issued pursuant to this equity raising. A notice of meeting will be issued shortly.

The institutional investor placement shares are expected to be issued on 15 December 2017; 4,000,000 shares will be issued under Listing Rule 7.1 and 30,300,000 under Listing Rule 7.1A. The Board and Management shares will be issued after the general meeting, subject to Shareholder approval.

Petra Capital acted as Sole Lead Manager and Bookrunner to the equity raising.


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