Placement of Shortfall from Underwritten Entitlement Issue
CEO and Executive Director, Mr Chris Noone, said "We welcome the reinvestment and continued support by the underwriters, who are also existing major shareholders of the Company."
The Shares were issued under exception 3 of Listing Rule 7.2 and therefore will not occupy the Company's 15% placement capacity pursuant to Listing Rule 7.1.
About Collaborate Corporation Ltd
Collaborate Corporation Limited is listed on the Australian Securities Exchange (ASX:CL8). It is Australia's leading listed company focused on 'collaborative consumption', 'peer-to-peer' or 'sharing economy' businesses. Collaborate currently has three core business segments: www.DriveMyCar.com.au Australia's leading peer-to-peer car rental business; www.MyCaravan.com.au Australia's leading peer-to-peer caravan rental business; and www.Mobilise.com an online hire marketplace to unlock the enormous potential of under-utilised assets. Through our proprietary trust and reputation platform, www.peerpass.com.au we create 'trust' between individuals and make it possible for people to safely transact with each other in the sharing economy.
Collaborate Corporation Ltd