Mobecom (ASX: MBM) & Lakeba sign MoU to develop AirCrypto Platform

KEY TAKEAWAYS:

  • Mobecom receives commitments to raise nearly $2m before costs via a share placement.
  • Mobecom and Lakeba have signed Memorandum of Understanding to develop AirCrypto Platform.
  • The platform allows users to transact using Mobecom airBux app using cryptocurrency both in and out of a store.

Mobecom has received firm commitments to raise $1,916,175.54, before costs, through a share placement. The funds will be used for general working capital and to provide support for the integration and rollout of the airBux technology. The placement is receiving strong support and will see 8,331,198 shares issued at $0.23 each.

The Placement will see 5,554,131 free options issued to all participants, subject to shareholder approval. It will provide two options for every 3 shares acquired, with each option entitling the holder to purchase a share in Mobecom before the expiry of the option on 30 June 2020. Mobecom will issue a Notice of Meeting to shareholders in July 10`8 where they will seek this approval.

Mobecom has signed a Memorandum of Understanding (MOU) with Australian based technology company, Lakeba Group Pty Limited. They intend to develop a blockchain and cryptocurrency exchange platform for airBux. This AirCyrpto Platform will be a new edition to the payments capability of the airBux app. AirBux offers the contactless transaction of payments, and the new platform will facilitate the sale of consumers cryptocurrency in the cryptocurrency market. Mobecom intends to acquire an interest in the AirCrypto Platform by entering a formal joint venture with Lakeba.

 

About Mobecom Limited (ASX: MBM)

Mobecom Limited (ASX: MBM) is a full stack customer engagement technology provider that delivers end-to-end technology solutions for businesses that want to engage with their customers via digital channels. Its primary offering is airBux, fully developed D2C global digital loyalty platform that is unique in that it provides ‘liquidity for loyalty’ and is poised for a full commercial launch in 2018.

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