Ann: Completion of $5.4 million share placement, page-12

THE DETAILS:

Crowd Mobile successfully raises $5.4 million  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 Thursday, 20 April 2017 –  
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.   The issue price of $0.13 per share is a $0.005 premium to market based on closing price from Thursday, 14 April 2017 and a 2% premium to the 30 day volume weighted average price $0.127. The Company welcomes its new shareholders to the register including cornerstone investor Collins Street Asset Management from Melbourne. The capital raising has also been supported by Directors Theo Hnarakis (Chairman) and Domenic Carosa (CEO), who will participate in the capital raising to the value of $100,000 subject to shareholder approval (Director Placement). The Placement proceeds of $5.4 million (before costs) will be utilised by Crowd Mobile to strengthen its balance sheet and to pay down debt. The Company’s net debt is expected to be approximately $3.4m once the Placement is completed. Settlement of the Placement (other than the shares to Directors) is expected to occur on 27 April 2017, and new shares under the Placement are expected to be issued on 28 April 2017. The Company will seek shareholder approval for Theo Hnarakis and Domenic Carosa and their associated entities to participate in the Director Placement at a general meeting to be held in the coming months.   The new Shares issued under the Placement will rank equally with existing Crowd Mobile shares, and the Company will apply for quotation of the new shares on ASX

Oh well those that were wondering and thinking and worrying etc. can make their own decision