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DirectMoney Ltd pending update on capital raising

DirectMoney Ltd pending update on capital raising

DirectMoney Limited (ASX:DM1) has been granted a trading halt by the ASX, pending the release of a proposed capital raising.

The halt will remain in place until the opening of trade on Friday 1st July 2016, or earlier if an announcement is made to the market.

DirectMoney operates in the Australian marketplace lending industry and aims to connect borrowers and investors.

The company has recently been reaching agreements with institutions regarding loan sale facilities.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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