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Mobile Embrace Ltd Raises AUD 1.0 Million In Private Placement

Thursday, 7 Feb 2013 06:02pm EST 

Mobile Embrace Ltd announced that it has received in cash and commitments AUD 1.0 million in a private placement. The placement will be utilized to increase marketing channel activity, to establish other channels that have been identified and to manage Telco payment cycles, in order to accelerate growth. The placement will also be utilized for the capital acquisition of mobile marketing platform. In addition to an acceleration of business activity locally, the placement will facilitate overseas expansion into South East Asia with the establishment of outsourcing to Vietnam and the seeding of business activity in the region. The Company placed 50,000,000 ordinary shares at AUD 0.02 each. 

Company Quote

0.0050 +2.22%
19 Sep 2014