ComOps - Confirmation of Placement


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SYDNEY: ComOps Limited (ASX.COM), a global leader in workforce management solutions for the ports industry, is pleased to announce that it has agreed to place 75,000,000 fully paid ordinary shares

to professional and sophisticated investors (Placement Shares) to raise approximately $525,000 before issue costs, exceeding the Company’s expectation to raise $500,000 before issue costs.

The Placement Shares were issued at $0.007 (0.7 cents) under the Company’s placement capacity under Listing Rule 7.1. The Placement Shares are expected to be issued on Wednesday 18 October 2017. Taylor Collison Limited acted as lead manager to the issue of the Placement Shares.

In addition, the Company expects to announce a 1 for 4 non-renounceable rights issue within the coming days (Entitlement Offer). Further details will be provided upon formal announcement of the Entitlement Offer.

The combined proceeds of the Entitlement Offer and the Placement Shares will be used towards working capital, business development in the Asia Pacific region, global business development and delivery of its ports strategy and to pay for offer costs.

The full release can be downloaded here

Enquiries/Additional Information

ComOps Limited

Niall Cairns, Chairman

Chris Fydler, Chief Executive Officer

Christopher Brooke, Company Secretary

Telephone +61 9923 8000

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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