Offering to span three years, mobile marketing solutions provider says
By Devika Patel
Knoxville, Tenn., May 2 - Motopia Ltd. said it has negotiated a three-year A$15 million equity facility agreement with Dutchess Capital.
The offering allows Motopia to call on funds when needed, in tranches of up to A$300,000 per drawdown.
Motopia is a Melbourne, Australia, mobile marketing solutions provider.
| Issuer: | Motopia Ltd.
|
| Issue: | Equity facility agreement
|
| Amount: | A$15 million
|
| Tenor: | Three years
|
| Warrants: | No
|
| Investor: | Dutchess Capital
|
| Settlement date: | May 2
|
| Stock symbol: | Australia: MOT
|
| Stock price: | $0.084 at close May 2
|
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