Receipt of funds and issue of Convertible Notes

On 11 March 2020 Infocus Wealth Management Limited announced a proposed capital raising of $300,000 through the issue of convertible notes each with a face value of $1.00 (Convertible Notes). The Offer was circulated to existing shareholders, noteholders and sophisticated investors known to directors and management.

The Offer period was extended by a week and closed at 5:00pm on Wednesday 8 April 2020. The Company is pleased to advise that the Offer was oversubscribed with $425,000 of applications received and accepted. The Notes will be issued to the successful applicants today.

Key terms of the Convertible Notes were set out in the announcement sent to existing shareholders and noteholders on 11 March 2020. Please click here to view the offer document.

Roy McKelvie

Chairman

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