June 2016 - Balluun Secures a CHF 40 Million Share Subscription Facility to Expand its Global B2B Social Commerce Footprint (2)
Zurich, Switzerland – June 2, 2016: Balluun Ltd (“Balluun”), a Swiss based B2B technology company, announced today that it has signed a binding agreement with a leading consortium of high profile institutional investors (the “Investors”), led by Global Emerging Markets (“GEM”) granting Balluun a CHF 40 million committed Share Subscription Facility (the “SSF”) as of the date Balluun lists its common shares on the SIX Swiss Exchange, which is expected to be completed in Q4 2016.