CONNECTED MINERALS LIMITED — Capital/Financing Update 2016

Mar 13, 2016

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UPDATED COMMITMENTS AND USE OF FUNDS

G8 Communications Limited (formerly Leopard Resources NL) (“ Company ”) confirms that the Public Offer under its Prospectus dated 27 November 2015 closed raising the maximum subscription amount of $4,500,000. The Company intends to apply the funds raised from the Public Offer as follows:

Use of Funds		Amount($)
Expenses of the Capital Rai	sing	$421,100
Product development1		$1,500,000
Sales and marketing2		$1,310,000
Workingcapital3		$1,268,900
Total		$4,500,000

Notes:

• 1 Product development includes expenses associated with designing specific products to meet client requirements.

• 2 Sales and marketing includes expenses associated with the appointment and implementation of Connected Group’s marketing team as well as expenses associated with expanding Connected Group’s business development division.

• 3 Working capital may include wages, payments to contractors, rent and outgoings, insurance, accounting, audit, legal and listing fees, other items of a general administrative nature and cash reserves which may be used in connection with any project, as determined by the Board at the relevant time.

G8 Communications Limited ABN 99 009 076 233 Level 24, 44 St Georges Tce, Perth WA 6000 T +61 8 6211 5099; F +61 8 9218 8875