HopgoodGanim has advised US-based investment manager Dutchess Capital with respect to a US$16.3 million equity line facility with Motopia Limited, a leading Australian mobile marketing and branded mobile content creation provider.
The equity lines provides Motopia with the opportunity to draw down up to US$320,000 (or higher if agreed by Dutchess) at a time as and when required (subject to any applicable Listing Rule requirements).
The equity facility provides a solid base of funding to Motopia over the next three years.
HopgoodGanim Partner Brian Moller, who led the team advising on the transaction, said, "We are delighted we have been able to assist as legal advisor to Dutchess Capital to secure this investment relationship with Motopia."
At no time will Dutchess Capital hold more than 19.99% of Motopia.
Contact:
Kym Howell, Communications Advisor
Tel: 07 3024 0192
