Snakk share offer oversubscribed

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Snakk Media has received applications for more than $1.75m in its share offer, and is currently accepting oversubscriptions.

The offer closes at 5.30pm tomorrow (Friday 30 October. Those wishing to participate in the offer can apply online or download an application form at

Through the offer, Snakk is aiming to raise $1.5 million by offering new ordinary shares at $0.045 per share, and will accept oversubscriptions up to an additional $0.8 million. This represents a discount of 8.2% to the closing share price for Snakk on 2 October and a 9.9% discount to the volume-weighted average share price for Snakk over the last 30 trading days.

Next up for Snakk is the NXT market.

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