Crowd Mobile Raises $5.4 Million

Highlights

  • Crowd Mobile successfully raises $5.4 million
  • Funds raised through placement to sophisticated and professional investors
  • Bell Potter Securities Limited and D.J. Carmichael Pty Limited acted as Co‐Lead Managers to the placement
  • Issue price of $0.13 per share is a premium to market
  • Funds will be deployed to strengthen balance sheet and pay down debt

Crowd Mobile Limited (Crowd Mobile or the Company) is pleased to advise that it has successfully raised $5.4 million through a placement of 41,538,461 million ordinary shares at $0.13 per share (Placement).

The Placement, which was lead managed by Bell Potter Securities Limited with D.J. Carmichael Pty Limited as co‐lead, was well supported by a number of Australian small cap institutional investors and sophisticated and professional investors.

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