Flexiroam (ASX: $FRX) Rights Issue Announcement

Flexiroam Limited (ASX: $FRX) is seeking to raise up to $1,038,232.70 through a fully underwritten, non-renounceable, pro rata rights issue. The offer is at a price of $0.025 per New Share and is fully underwritten by Richmond Bridge Pty Ltd. The funds raised will be used for marketing campaigns, repayment of a loan provided by the CEO, costs of the raising, and general working capital.

Executive Commentary on Rights Issue

The Company is pleased to announce the rights issue to raise funds for strategic initiatives. The underwriting by Richmond Bridge Pty Ltd demonstrates confidence in the Company's future plans. The funds will be utilized to strengthen marketing efforts, manage working capital, and repay existing obligations. We believe this will position the Company for sustainable growth and enhance shareholder value.

Summary of Flexiroam (ASX: $FRX) Rights Issue

Flexiroam Limited (ASX: $FRX) has announced a fully underwritten rights issue to raise up to $1,038,232.70. The funds raised will be used for marketing campaigns, loan repayment, working capital, and costs of the raising. The Company aims to enhance its marketing activities, strengthen its financial position, and support its growth strategy. This initiative reflects the Company's commitment to its long-term objectives and creating value for its shareholders.