By Laura Lutz
Des Moines, Oct. 30 - MobileActive Ltd. intends to conduct a private placement of shares for up to A$1,202,500.
The company plans to sell 18.5 million ordinary shares to professional and sophisticated investors for A$0.065 per share.
InterFinancial Ltd. will act as agent for the deal, which is expected to settle on Nov. 30.
Proceeds will be used for expansion of the company's business and for working capital.
MobileActive is a mobile phone content provider based in Sydney, Australia.
| Issuer: | MobileActive Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$1,202,500
|
| Shares: | 18.5 million
|
| Price: | A$0.065
|
| Warrants: | No
|
| Agent: | InterFinancial Ltd.
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 30
|
| Stock symbol: | Australia: MBA
|
| Stock price: | A$0.088 at close Oct. 30
|
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