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Slovar Limited Capital/Financing Update 2013

Sep 3, 2013

17773_rns_2013-09-03_25922ced-372a-4570-a471-8e81979f8148.pdf

Capital/Financing Update

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money3

MONEY3 Corporation Limited Level 1, 40 Graduate Road Bundoora Vic 3083 – Tel: (03) 9093 8245 Fax: (03) 9093 8227

4th September 2013

ASX Limited
Exchange Centre
20 Bridge Road
Sydney NSW 2000

Dear Sir,

Money3 successfully raises $11.9M

The Board of Directors of Money3 Limited (ASX: MNY) are pleased to advise the completion of a share placement of 14,000,000 ordinary shares at 85 cents per share to raise a total of $11,900,000 in funds for the Company. All new shares are to be issued on a cum dividend basis, inclusive of a 2.25 cents per share fully franked dividend. Wilson HTM Corporate Finance Limited was the Lead Manager for the placement.

The company was delighted with interest in the placement with the placement being greater than 100% oversubscribed. Demand came from existing shareholders plus several new institutional and sophisticated investors.

The placement will be issued in two tranches:

  1. Tranche 1 - 6,000,000 shares will be issued on or about 9th September 2013.
  2. Tranche 2 - 8,000,000 shares are subject to approval being received to refresh the capital of Money3 at an EGM on or about the 9th October 2013.

Over the past 6 months Money3 has seen extremely strong demand for secured and unsecured loans, and this demand is expected to continue. The raising will allow Money3 to continue to grow organically over the coming 12 months.

In the year ending June 2014 Money3 is forecasting a profit before tax of $8.0M.

Should you have any queries or require clarification please call me on 03 9093 8245.

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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