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DIGITALX LIMITED — Capital/Financing Update 2017
Apr 20, 2017
64762_rns_2017-04-20_a834465d-ade0-4317-bc30-ebcffe912b89.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
21 April 2017
Funding and Company update
Further to the announcement on 20 March 2017, DigitalX Limited (ASX:DCC) is pleased to advise the Company has now received a further $300,000 in convertible notes. The Company will today issue 30 convertible notes, with a face value of $10,000 per note, converting to Fully Paid Ordinary Shares at $0.05 per Share and maturing 21 April 2018.
Subject to complying with the requirements of the ASX and the ASX Listing Rules, the Company and the Noteholder may agree to the Conversion Price being adjusted to equal the issue price of Shares at which the Issuer next raises equity capital (other than under the Convertible Notes) after the date the Convertible Note is issued where the issue price is less than $0.05 per Share.
The funds will be applied towards marketing of the Company’s Blockchain enhanced money transfer App, AirPocket and further developing AirID technology to offer other companies the ability to integrate Blockchain technology into their business.
Marketing with Pinta has ramped up to full capacity through the Easter weekend for our US to Latin American corridor. This marketing campaign will run for two months through offline methods of radio advertising and in-store bodega advertisements and through online channels of social media and SEO. In addition to this corridor, the Company is reviewing opportunities to expand into additional regions by providing AirPocket as a white-label service.
-ENDS-
For further information, please contact:
DigitalX Limited Investor Enquiries:
Leigh Travers David Salmon Chief Executive Officer E: [email protected] T: +61 439 376 847 T: +61 416 626 836
About DigitalX Limited
DigitalX is a Blockchain-enhanced software solutions group disrupting the payments industry. The Company’s flagship product, AirPocket allows consumers to make secure and cost-effective money transfers worldwide. Companies can use DigitalX’s AirID technology to leverage the benefits of the Blockchain.