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1-Page Limited raises $9.6M from two strategic parties

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1-Page Limited (ASX:1PG) has raised $9.63 million through an issue of 9 million shares to two strategic long-term parties.

The issue price of $1.07 represents a 4% premium to the 30-day volume weighted average price.

The two parties are long-term shareholders that approached 1-Page with a proposal to acquire a strategic interest given their deep understanding of the applicability of cloud-based software platforms to the recruitment sector globally.

The 1-Page Sourcing and Referral Engine using the BranchOut database of more than 820 million professionals is expected to be in operation from the beginning of March 2015.

This will assist in significantly scaling customer revenues and further capitalization will be driven from the pipeline of potential customers.



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