For additional information call : +61 8 6252 4224

 ABN: 41 108 042 593 ASX Code: ZIP

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Ziptel Launches Fully Underwritten Rights Issue

ZipTel Limited (“ZipTel” or the “Company”, ASX: ZIP) announced a non-renounceable rights issue offer (the “Offer”) to raise approximately $1,497,399 before costs via the issue of 59,893,560 new shares on the basis of 2 new shares for every 3 shares held at an issue price of $0.025 per share.

The Offer is fully underwritten by Patersons Securities and each of the Directors has committed to participate. The Offer provides existing shareholders with the opportunity to participate on attractive terms with 1 free attaching option for every 2 new shares subscribed for, exercisable at $0.05 with an expiry of 15 June 2020.

For more information, please view the ASX release document here: Ziptel Launches Fully Underwritten Rights Issue

Please view the Prospectus for the Rights Issue here: ZIP Rights Issue Prospectus

Please view the capital of the Company following the Rights Issue here: Appendix 3B

For Replacement Offer Forms, please contact the Office on 0862524224 or the Company Secretary on 0422180511