Secondary Trading Notice
Sydney, Jan 10, 2019 AEST (ABN Newswire) - Collaborate Corporation Limited (
ASX:CL8) (Collaborate or the Company) confirms that it has issued the following fully paid ordinary shares under the controlled placement deed (CPD) with Acuity Capital:
- 20,000,000 Shares at nil consideration to Acuity Capital (Collateral Shares); and
- 2,500,000 Shares in consideration for entering into the CPA (Transaction Fee Shares) together, the Shares.
The Collateral Shares and Transaction Fee Shares were issued under the Company's 15% placement capacity under Listing Rule 7.1. An Appendix 3B applying for quotation of the Collateral Shares and Transaction Fee Shares follows this announcement.
Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")
The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
(a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
(b) as at the date of this Notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
(c) as at the date of this Notice, there is no information:
(i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii) that investor and their professional advisers would reasonably require for the purpose of making an informed assessment of:
a. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
b. the rights and liabilities attaching to the relevant Shares.
To view the announcement, please visit:
http://abnnewswire.net/lnk/BFZATELB
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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