Completion of Entitlement Issue
Sydney, Oct 29, 2018 AEST (ABN Newswire) - Collaborate Corporation Limited (
ASX:CL8) (Collaborate or the Company) is pleased to confirm that it has completed the partially underwritten non-renounceable entitlement issue to shareholders at an offer price of $0.015 per share (Entitlement Issue).
A total of 68,634,699 fully paid ordinary shares (Shares) were issued on 29 October 2018, representing take up of 90% of the total Shares offered under the Entitlement Issue and raising $1,029,521, before costs.
The terms of certain options provide that if the Company makes a pro rata issue of securities (except a bonus issue) to the holders of ordinary shares the option exercise price shall be reduced according to the formula specified in the ASX Listing Rules. The exercise prices of those options have been amended in accordance with ASX Listing Rule 6.22 and the new exercise prices are set out below.
The issued capital of the Company following completion of the Entitlement Issue is as follows:
- 687,752,556 Shares;
- 54,221,525 options with the following terms:(see link below)
Following completion of the Entitlement Issue, the Company has 8,755,033 shortfall Shares available due to rounding and adjustments made for acceptances by a related party underwriter who may only subscribe for up to his underwritten amount under the offer.
To view tables, please visit:
http://abnnewswire.net/lnk/FOG042I8
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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