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X2M PLACEMENT DRIVES LAUNCH INTO THE MIDDLE EAST

X2M has completed a Placement to raise $1.13 million and secured a Converting Loan Facility totaling $1.5 million

Investment Highlights

  • Placement of $1.13 million at $0.04 per share
  • Placement strongly supported by associates of X2M’s Middle East channel partner Dicode
  • Technologies LLC and other new investors
  • Loan facility of $1.5 million secured with optional conversion to Shares
  • Funds raised from the Placement and loan facility to be used for X2M’s entry into the Middle East, commencing with the United Arab Emirates (UAE), to develop business opportunities in the region, and for general corporate purposes

For the full ASX release, please see X2M:ASX Announcement – 31 May 2024

 


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