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ShareRoot director buys 4 million shares in on-market transaction

The company has developed a number of digital marketing tools that lay the foundations for a competitive suite of digital marketing solutions.

ShareRoot Ltd - ShareRoot's non-executive director buys 4 million shares in on-market transaction
ShareRoot has been innovating and growing within the rapidly evolving digital ecosystem

ShareRoot Ltd's (ASX:SRO) director Damon Rasheed has demonstrated his confidence in the company's digital healthcare strategy through the on-market purchase of 4 million shares at 2 cents per share.

The non-executive director's $8,000 transaction on October 15 represents his first purchase of fully paid ordinary shares in the company.

Earlier this year ShareRoot completed a restructure and has a clear path forward to a successful business in the digital healthcare industry.

Completion of capital raising

The company recently raised a total of $1,289,612 which included a rights issue and placement.

Funds raised were allocated for the following:

  • To scale the existing revenue-generating digital client services capabilities and capacity;
  • To complete and launch new technology products and roll-out campaigns;
  • To continue development of MediaConsent Clinical; and
  • To reposition the company within the target market.

Quick facts: ShareRoot Ltd

Price: 0.0015 AUD

ASX:SRO
Market: ASX
Market Cap: $4.44 m
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