SportsHero to list after raising $3m

08/02/2017 - 11:40

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App company SportsHero is set for its ASX debut after raising $3.2 million from investors and completing a reverse takeover of Perth-based Nevada Iron.

SportsHero to list after raising $3m
SportsHero's core product is its real-time fantasy sports app and social prediction platform.

App company SportsHero is set for its ASX debut after raising $3.2 million from investors and completing a reverse takeover of Perth-based Nevada Iron.

Singapore-based SportsHero, which is chaired by former migme chairman Howard Dawson, raised the funds from investors through the placement of 64 million shares at 5 cents each.

The company owns its real-time fantasy sports app and social prediction platform, which predicts game results of sports including soccer, tennis, basketball, cricket and baseball.

It also hosts a social competition platform where top-ranked fans stand to win prizes.

Alongside the raising, SportsHero said it had also completed the sale of Nevada’s Buena Vista iron project, allowing it to focus solely on its app technology.

SportsHero said this week it had registered a principal office in Subiaco.

A listing date for SportsHero is yet to be finalised.

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