Pacific Edge Completes Shortfall Bookbuild and $21.3 Million Capital Raising

Pacific Edge Limited (NZX: PEB) (Pacific Edge) advises that it has completed the shortfall bookbuild component of its $21.3 million capital raise announced on 11 October 2017 (Offer), with support from both institutional and other eligible shareholders.  All of the shares available under the Offer have now been taken up.

The clearing price under the Shortfall Bookbuild was NZ$0.32 per share.

Chair of Pacific Edge, Chris Gallaher, said: “We are pleased to have raised the full NZ$21.3m to help fund our continued growth as we target getting Pacific Edge to a cashflow breakeven position as soon as possible.”

The new shares taken up under the Offer are expected to be allotted and commence trading on the NZX Main Board on Wednesday 15 November 2017.