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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2023
Jul 5, 2023
65841_rns_2023-07-05_9897c8cc-d920-45bd-8cf2-1ff39bea3fa7.pdf
Capital/Financing Update
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ASX Release 6 July 2023
In accordance with Listing Rule 12.3, Streamplay Studio Limited (“Streamplay” or the “Company”) (ASX: SP8), a leading provider of competitive casual gaming and eSports technology, music streaming services, and telco value-added services, provides the following indicative use of funds projection for the next 12 months:
12 months use of funds projection
| Use of funds – category | $ (TH) |
|---|---|
| Product & Platform Research and Development (including MTN Arena and mGames) | 1,500 |
| Product costs (including MTN Arena and mGames) | 2,100 |
| Advertising (including MTN Arena and mGames) | 750 |
| Staff expenses (Corporate and Pacific team) | 650 |
| Administration costs (Australia, Pacific and South Africa offices) | 750 |
| Potential acquisitions/transactions | 6,000 |
| Total 12 month planned expenditure | 11,750 |
The above table is indicative of current plans. As with any budget, the allocation of funds set out in the above table may change depending on various intervening events and new circumstances, including the outcome of potential acquisitions/transactions, regulatory developments and market and general economic conditions. Accordingly, the Board reserves the right to alter the way funds are applied.
For further information:
Investor relations:
E: [email protected] P: +61 2 9680 8777
About Streamplay Studio
Streamplay Studio Limited (ASX:SP8) is a leading provider of competitive casual gaming and eSports technology, music streaming services, and telco value-added services. The company offers a diverse range of entertainment solutions for its users, including the ability to stream and play games, music, and access various telco services all in one place. Streamplay continues to innovate and expand its offerings to meet the ever-changing needs of its partners and customers.
More information: www.Streamplay.studio
ASX release authorised by the Board of Directors of Streamplay Studio Limited
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Streamplay Studio Limited | ASX:SP8 | ACN 004 766 376 | Streamplay.studio | [email protected] | +61 2 9680 8777