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Goldfields raises funds for new platform

Financial services provider Goldfields Money has raised $4.2 million from investors as it launches a new digital platform and completes a rebranding.

Perth-based, ASX-listed Goldfields raised the funds through the placement of 4.5 million shares at 95 cents each to new and existing investors, with the price representing a 3 per cent discount to the company’s 20-day volume-weighted average price.

Chief executive Simon Lyons said the funds raised would be used for the implementation of a new core banking system, with the digital platform expected to go live in the first quarter of the 2018 financial year.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/03/17

1 year TSR5 year TSR
177thCre8tek100%-43%
414thGoldfields Money20%0%
554thAustralian Agricultural Projects-5%27%
632ndAlexium International Group-20%43%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

11/04/17
$2k Bought
06/05/16
$49k Bought
08/10/15
$930 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

100th↓Australian Agricultural Projects$3.7m
101st↓Goldfields Money$3.6m
103rd↑Alexium International Group$3.4m
104th-Cre8tek$3.3m
226 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Goldfields Money

1002ndSimon Lyons$140k
859thPeter Wallace$39k
1757thJames Austin$28k
Ranked by total remuneration from all listed WA companies

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