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Slovar Limited Capital/Financing Update 2012

Nov 22, 2012

17773_rns_2012-11-22_614c3dad-aa8c-4345-b8b3-965fb5b077bf.pdf

Capital/Financing Update

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money3

MONEY3 Corporation Limited Unit 4, 60-70 Mahoneys Rd Thomastown Vic 3074 – Tel: (03) 9469 8200 Fax: (03) 9460 8300

22nd November 2012

Announcements
ASX Limited
Exchange Centre
20 Bridge Road
Sydney NSW 2000

Dear Sir,

Completion of capital raising and -disclosure pursuant to ASX Listing Rule 3.10.5A

Money3 announces that it recently completed a capital raising to sophisticated and institution investors. A total of 11,250,000 fully paid ordinary shares were issued at an issue price of 0.40. representing a price equal to 94.56% of the 15 day VWAP prior to the 20th November 2012.

For the purposes of ASX Listing Rule 3.10.5A, the following information is disclosed to investors:

(a) details of the dilution to the existing holders of ordinary securities caused by the issue;

No of shares prior to issue Existing Ownership % ownership
Opening balance 49,940,997 49,940,997 100%
New shares 11,250,000 4,162,500
Closing balance 61,190,997 54,103,497 88.42%

(b) where issued for cash consideration, a statement of the reasons why the eligible entity issued the equity securities as a placement under 7.1A and not as a pro-rata issue;

Given the response to the pro-rata issue in March 2011, Money 3 determined that interest in a further pro-rata issue at this time would be moderate. Money3 opted to offer the new securities to new investors. The introduction of new investors will enable the company to have a more diverse register and to be better equipped to raise funds in the future should the company have further capital requirements.

(c) details of any underwriting arrangements

The placement was underwritten by InvestorFirst Securities Limited and the cost of the underwriting was $195,000 plus GST.

MONEY3 Corporation Limited
ABN: 63 117 296 143
Registered Office: Level 1, 48 High St. Northcote, Vic 3070


money3

MONEY3 Corporation Limited Unit 4, 60–70 Mahoneys Rd Thomastown Vic 3074 – Tel: (03) 9469 8200 Fax: (03) 9460 8300

(d) any other fees and costs incurred in connection with the issue.

Other than the underwriting costs, no other fees or costs were incurred in connection with the issue.

Should you have any queries or require clarification please call me on 03 9469 8241

Craig Harris
CFO & Company Secretary
Money3 Corporation Limited

MONEY3 Corporation Limited
ABN: 63 117 296 143
Registered Office: Level 1, 48 High St. Northcote, Vic 3070