Further Update on Capital Raising Activities
San Francisco, Nov 21, 2016 AEST (ABN Newswire) - OtherLevels Holdings Limited (
ASX:OLV) ("OtherLevels" or "the company") provides an update on its capital raising activities.
Further to the Market Announcement of 3rd November 2016, the company advises that it continues to work with it's financial advisor, Lodge Partners, to conclude the previously announced Subscription Agreement to raise $1.6m by way of a subscription for shares in the company.
The Company expects to be able to make a further announcement on this shortly and will keep the market informed should this change.
It is the directors' intention that these arrangements be concluded prior to the company's AGM to be held on 30th November 2016.
Brendan O'Kane, the Managing Director, commented, "Once concluded, this financing will place OtherLevels in a strong position to continue focusing on the execution of the company's strategy to achieve positive cash flow from operations."
About Otherlevels Holdings Ltd
OtherLevels Holdings Ltd (ASX:OLV) (FRA:7OL) is a leading second-generation digital marketing platform with offices in Europe, the US and Australia.
The OtherLevels platform enables clients to acquire sooner, engage smarter and retain longer across desktop, mobile web and apps audiences. The OtherLevels platform offers both Intelligent Messaging for Conversion, and Intelligent Messaging for Marketing Clouds and CRM, hence delivering both acquisition and engagement capabilities for digital marketers. OtherLevels leading clients include Camelot (UK), Tatts/Tabcorp, Coles, Flight Centre, IHG, LadbrokesCoral, Betfred and Doubledown.
For more information, please visit https://otherlevels.com.
For media enquiries please contact media@otherlevels.com.
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