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ORCODA LIMITED — Capital/Financing Update 2017
Jul 30, 2017
65482_rns_2017-07-30_f0d7aa6a-3bc4-461b-a5f3-5a398a4ee7d6.pdf
Capital/Financing Update
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SmartTrans announces $500,000 placement to Chinabased investors
SmartTrans Holdings Limited ASX: SMA An Australian based Technology Solutions Company
Corporate Structure: Shares on issue: 2,717 M Unlisted Options: 209 M (Pre-placement 31-Jul-17) Market Cap: $AUD 24M 52 week high: 3.4 cents 52 week low: 0.7 cents
Directors:
Mr Mark Vaile AO Non-Executive Chairman
Mr Brendan Mason CEO & Managing Director
Mr Bryan Carr Executive Director
Mr Yui (Ian) Tang Non-Executive Director
Ms Tracy Colgan Non-Executive Director
Melbourne Office: Level 7, 10 Queens Road Melbourne VIC 3004 Australia
Beijing Office: Room 501, Grand Pacific Building A 8 Guanghua Road Chaoyang District Beijing 100026 PR China
Phone (Aus): +61 (03) 9866 7333 Phone (China): +86 (10) 6500 0910
Website: www.smarttransholdings.com.au Twitter: www.twitter.com/SmartTrans_SMA
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SmartTrans undertakes a placement to Chinese investors raising $500,000 at $0.01
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Key terms of the placement include the issue of 50,000,000 new shares at $0.01 with 50,000,000 attaching options exercisable at $0.01 and a further 50,000,000 attaching options exercisable at $0.015
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The funds will be used to expand the company’s e-Commerce operations in China and grow the Logistics division in Australia
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Funding to be used to the scale-up of e-commerce sales in China, already growing at greater than 40% CAGR (Compound Annual Growth Rate)
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Placement adds to existing Lanstead funding arrangement which provides funds on a monthly basis without any further issue of shares
31 July, 2017: SmartTrans Holdings Limited (ASX: SMA) (SmartTrans or the Company) is pleased to announce a placement to China-based investors raising $500,000 at an issue price of $0.01, which is an 11% premium to the most recent closing price of the company’s securities.
The additional working capital will be applied to continue the growth of the company’s e- Commerce business in China and to assist with marketing and growing sales of the Company’s Australian-based logistics software business.
The placement provides for the issue of 50,000,000 new shares at $0.01 with 50,000,000 attaching options exercisable at $0.01 and 50,000,000 attaching options exercisable at $0.015. Costs associated with the issue were satisfied by the issue of 1,250,000 new shares and 1,250,000 options exercisable at $0.01 and 1,250,000 attaching options exercisable at $0.015. (All options expire in 24 months from date of issue). SmartTrans expects to issue the placement shares in the coming days following receipt of funds.
SmartTrans, newly appointed Managing Director, Brendan Mason, commented, “I view this investment from China-based investors, who have a good perspective of the market we are operating in, as a vote of confidence in the achievements of our e-Commerce business in China and recognition of the potential for further growth for SmartTrans servicing the largest online marketplace in the world.
“We are experiencing good growth in our e-Commerce operations, matching demand from an emerging middle class of quality-conscious consumers in China seeking high-quality, authentic, safe and reliable Australian products with Australian manufacturers and suppliers eager to access this market.
These funds will allow us to scale up our e-commerce operations in China and we look forward to continuing to update shareholders on our progress both in China and Australia.
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For further information, please contact:
About SmartTrans
(https://youtu.be/-1t_yJe1DBA)
Brendan Mason Managing Director AUST: +61 425 786 542 CHINA: +86 139 1132 0378
Media inquiries to: Ben Jarvis, Six Degrees Investor Relations: +61 413 150 448
SmartTrans Holdings Limited (ASX: SMA) is a leading Australian technology and software provider that has developed a mobile and online billing and payment platform for the China market. The company has agreements in place to bill with China Mobile, China Unicom, China Telecom, UnionPay and Alipay. With the growing use of the smartphone as a billing device in China, the company is experiencing significant uptake of its technology in that market. SmartTrans has also developed cutting-edge proprietary logistics software which is used by some of Australia’s leading blue-chip organisations who have long term contracts in place with the company. SmartTrans is assessing growth opportunities for its logistic offering in China to complement its mobile and online payments platform.
Integrity / Innovation / Inspiration / Information