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ORCODA LIMITED — Capital/Financing Update 2012
Sep 19, 2012
65482_rns_2012-09-19_053fe8fc-23bb-48e9-82b3-2ec81b3ba48d.pdf
Capital/Financing Update
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20 September 2012
Placement
SmartTrans announces that it is in the course of making a placement of 35,714,283 shares at 0.7c each to Lydian Enterprises Pty Ltd (Chief Executive Officer: Zhenya Tsvetnenko) and another sophisticated investor. The placement will raise gross funds of $250,000 to provide working capital.
SmartTrans welcomes the continued involvement of Mr Tsvetnenko as a strategic investor. He has successfully pioneered mobile telephone technology and premium mobile messaging services across the globe.
SmartTrans worked with the Zhenya Group of Companies to complete the development of the www.MyLifeOnline web site and the two companies have established a jointly-owned company in Hong Kong to provide Internet and Mobile Telephone software services to consumers in the People’s Republic of China.
Mr Tsvetnenko’s innovative internet marketing techniques and industry experience are currently being used to maximise take up of the MyLifeOnline product in China with positive results.
For further information:
Bryan Carr Director SmartTrans Limited Australia 0412 111 968 China +86 138 1188 8401
Beijing Melbourne Sydney P erth 6th Floor, West Tower, Level 7 G.05 Suite 3, Level 1 Prosper Center 11 Queens Road 55 Miller St 614 Newcastle Street 5 Guanghua Road MELBOURNE PYRMONT LEEDERVILLE BEIJING CBD, 100022 VIC 3004 NSW 2009 WA 6007 Ph: +86 (010) 6562 5435 Ph: (03) 9866 7333 Ph: (02) 9660 4564 Ph: (08) 9228 1199