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Slovar Limited Capital/Financing Update 2014

Dec 21, 2014

17773_rns_2014-12-21_2603f318-1986-4c19-99e1-f99028065e01.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

22nd December 2014

ASX Limited
Exchange Centre
20 Bridge Road
Sydney NSW 2000

Dear Sir,

COMPLETION AND DRAW DOWN OF BANKING FACILITY

The Directors of Money 3 are pleased to announce completion and the initial draw down of $10.1m of a $20m facility provided to the Company by a major Australian Bank.

The combination of the drawdown with the recent equity capital raising, has enabled Money3 to have a diversified funding base to meet growing demand for unsecured and secured loan products.

The funds will be applied in the fast growing auto secured lending division of M3, where the Company continues to see excellent opportunities for strong growth and high asset quality.

The M.D. of M3, Mr Rob Bryant said 'we are very proud to have achieved this significant milestone for the Group. When combined with our balance sheet and the Bond issue completed in June 2014, we see great potential to continue the growth M3 has achieved over the past few years'

He added, 'It is a credit to the management team to have achieved this outcome and it is a result of the dedication of the people who work for the Company. We look forward to updating our shareholders further with the release of our half yearly results in February 2015.'

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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