First Growth Funds Limited (ASX:FGF) is pleased to announce that it has made an investment of $250,000 in CCP Technologies Limited (ASX:CT1) at 2 cents per share with a one for one free attaching 2 year matching unlisted options exercisable at 3 cents. FGF believes it is an opportune time to invest in CT1. Their technology is fully developed, generating revenue in Australia and USA, and they have secured notable channel partners including SigFox, Vodafone and Dicker Data Limited (ASXDR). As part of FGF’s investment, Penta Global will co-invest in CT1 and also help accelerate their entry into IOT based blockchain services and solutions. FGF will receive a capital raising fee for facilitating Penta Global’s investment in CT1.
Ann: June 2018 Quarterly Report & Shareholder Update, page-22
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