Bartercard holds off

SHARE allocations and dispatch notices for Bartercard should be determined by 21 June and the trade agency should be listed in the week of 27 June.

Bartercard’s share offer was due to close on 29 May but

members and other investors complained they could not return their applications by that time.

Bartercard expects to become the first trade exchange to list on a stock exchange using trade dollars for a portion of the offer.

The agency’s float of 9.6 million shares is seeking to raise nearly $12 million.

Bartercard’s holding company Bartercard International is also offering offering Bartercard shares at $1.25 to raise a further $8 million.