Money3 to undertake capital raising

Company News

Money3 Corporation Limited (ASX:MNY) has announced a series of capital raising facilities to raise a total of $19.3 million before costs.
The company has resolved to raise $3.3 million at $0.95 per share of additional capital via a share placement to sophisticated investors.
The payday lender also announced it will undertake a fully underwritten non-renounceable 1 for 8 rights issue at $0.95 per share to raise a further $16 million.
Chairman Vaughan Webber also affirmed increased full year FY16 guidance to net profit of $19 million.
Money3 Corporation recorded a net profit of $13.94 million at 30 June 2015.

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