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HUBIFY LIMITED Capital/Financing Update 2017

Jan 10, 2017

Capital/Financing Update

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Statement to ASX Date 5 January 2017

Further to the Capital Raising the Company has reviewed the total funds raised and updated the use of Funds table as per the below.

Use of Funds Table		1.4.17
Total Proceeds of the Offer		$7,133,500.00
Development and deployment of UNL's system,products and services		$1,850,000.00
Business Development & International Expansion		$2,500,000.00
Bonds with Telecommunications Network Providers		$500,000.00
Part Repayment of Loans		$635,000.00
Expenses of the Offer		$825,000.00
Working Capital		$823,500.00
Total Funds Applied		$7,133,500.00

Signed

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Nicholas Ghattas

Chief Executive Officer

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