Despatch of Entitlement Issue Prospectus
Sydney, Sep 24, 2018 AEST (ABN Newswire) - Collaborate Corporation Limited (
ASX:CL8) (Collaborate or the Company) is pleased to confirm the despatch today of the prospectus as lodged with ASIC and ASX on 14 September 2018, including the entitlement and acceptance form, for the partially underwritten non-renounceable entitlement issue of shares to raise approximately $1.16 million before costs (Entitlement Issue).
The Entitlement Issue is being offered to shareholders registered at the Record Date of 21 September 2018 with a registered address in Australia and New Zealand (Eligible Shareholders) on the basis of one (1) New Share for every eight (8) Shares held.
As previously announced, the Entitlement Issue is partially underwritten up to a total of $0.6 million by existing sophisticated investors of Collaborate namely Hishenk Pty Ltd, Reefpeak Pty Ltd, Mishki Pty Ltd, Scintilla Strategic Investments Limited, alongside officers of the Company namely Chris Noone, Adrian Bunter and Karen Logan.
Eligible Shareholders may take up shortfall under the Entitlement Issue in addition to their entitlements under the offer. Applications for New Shares under the Entitlement Issue can be made by BPAY(R) or by completing and returning the entitlement and acceptance form together with a cheque or bank draft.
The Closing Date for the Entitlement Issue is 5:00 pm (AWST) on Monday, 15 October 2018.
Eligible Shareholders are encouraged to participate in the Entitlement Issue. Any questions concerning the Entitlement Issue should be directed to Karen Logan, Company Secretary by email at shareholder@collaboratecorp.com.
About Collaborate Corporation Ltd
Collaborate Corporation Limited is listed on the Australian Securities Exchange (ASX:CL8). It is Australia's leading listed company focused on 'collaborative consumption', 'peer-to-peer' or 'sharing economy' businesses. Collaborate currently has three core business segments: www.DriveMyCar.com.au Australia's leading peer-to-peer car rental business; www.MyCaravan.com.au Australia's leading peer-to-peer caravan rental business; and www.Mobilise.com an online hire marketplace to unlock the enormous potential of under-utilised assets. Through our proprietary trust and reputation platform, www.peerpass.com.au we create 'trust' between individuals and make it possible for people to safely transact with each other in the sharing economy.
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