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VINYL GROUP LTD — Capital/Financing Update 2012
Feb 28, 2012
66014_rns_2012-02-28_e0b4a06c-9ab0-421f-a415-f21dbb6a8df1.pdf
Capital/Financing Update
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For immediate release Date: 29 February 2012
ASX CODE: MBO
CAPITAL RAISING
Mobilarm Limited advises that it has issued 19,530,662 fully paid ordinary shares ( and 9,765,331 free attaching options exercisable at 10 cents each by 13 September 2013) at 5 cents each to raise $ 976,533 in working capital.
The placement was made in accordance with shareholder approval granted at the Company’s Annual General Meeting on 29 November 2011, and in accordance with Section 708 of the Corporations Act.
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Further details:
Ken Gaunt Chief Executive Officer
Email [email protected] Tel. +61 (0)409 531 738
www.mobilarm.com
About Mobilarm Ltd:
Headquartered in Perth, Western Australia, Mobilarm (ASX: MBO) is the world’s largest company in the rapidly growing man overboard safety category with worldwide distribution of Crewsafe and Sea Marshall Maritime Survivor Locating Devices and associated marine safety equipment. The Company’s solutions enable operators in the offshore oil and gas, defence and commercial marine industries to remove risk from the workplace, where Occupational Health & Safety, regulatory compliance and Director’s Liability are the major drivers for improved employee safety and Duty of Care.
Mobilarm owns patent pending technology that protects and saves lives in the marine workplace and enables every maritime vessel to become a marine Search and Rescue asset.
The Company’s Australian and UK designed emergency locator beacons and crew monitoring alarm systems for use aboard vessels and other marine facilities generate automatic and immediate alerts in man overboard events, integrate with GPS and onboard navigation systems and provide in-water tracking of man overboard casualties in the water.
Mobilarm has received enviable recognition for its products and design, winning two Seatrade awards for Safety, two Australian Design Awards and the Western Australia Worksafe Award.
Interviews with the CEO and further company information are available from the Mobilarm website: www.mobilarm.com/page/media_centre.html.
Mobilarm Ltd ASX and Media Announcement
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