Bluechiip Raises $3.425 Million From Rights Issue and Placement

Bluechiip Limited [ASX:BCT], a leader in the development of sample tracking technology for harsh environments, today announced that its pro rata 1for3 nonrenounceable rights issue (Rights Issue) at an issue price of $0.028 per ordinary share and its associated TopUp Facility to raise up to $2.53 million (before costs) successfully closed on 30 June 2017. The Company also announces that it has raised an additional $885,000 via placement to sophisticated and professional investors.


  • Total capital raised $3.425 million;
  • Rights Issue acceptances (including acceptances under the TopUp facility) raises $719,415. The balance of the Rights Issue shortfall (approx. $1.81 million) has been placed with sophisticated and professional investors;
  • Private placement with sophisticated and professional investors at $0.028 per ordinary share raising a minimum of $885,000.

Effect of Rights Issue on Capital Structure and Shortfall Notification:

Number of Shares Shares currently on issue 271,810,092

Maximum shares offered under Rights Issue 90,615,283

Entitlement shares applied for by eligible holders under Rights Issue 21,413,873

Shares applied for by eligible shareholders under the TopUp Facility 4,279,534

Rights Issue shortfall shares placed with sophisticated and professional investors 64,921,876

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