Adslot : Successfully Undertakes AUD$6.5M Share Placement

Adslot Ltd

ABN: 70 001 287 510

ASX: ADJ

Level 2, 85 Coventry St, South Melbourne Victoria

3205 Australia

E: info@adslot.com

T: +61 (0) 3 8695 9199

F: +61 (0) 3 9696 0700

3 July 2014

Adslot Ltd ACN 001 287 510 (Adslot or Company) is pleased to announce it has successfully completed a AUD$6.5 million placement (Placement) pursuant to s.708A of the Corporations Act
2001.
Adslot is pleased with the level of support for the Placement, which was oversubscribed and resulted in a number of domestic and offshore institutional investors being introduced to the Adslot register.
The Placement consists of 65,000,000 ordinary shares (Shares) at A$0.10 per share (Offer Price). The Offer Price represents a discount of approximately 12.3% to the 10-day VWAP immediately prior to the raising.
The Placement will be conducted in one tranche utilising the Company's 15% capacity under Listing Rule 7.1. Shares issued under the Placement will rank equally with Adslot's existing ordinary shares on issue.
The funds raised will be applied to:
• Accelerate development and integration of the Adslot and Symphony platforms;
• Strengthen the balance sheet; and
• Provide additional working capital.
Adslot's shares will resume ordinary trading with immediate effect.
-ENDS-
Contact
Investor Relations
Adslot Ltd
Email: investor.relations@adslot.com

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