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Adrabbit Ltd V.RABI

Adrabbit Ltd, former AppsVillage Australia Limited is an Israel-based company that has developed a Software-as-a-Service (SaaS) cloud-based platform that provides small-to-medium businesses with a way to develop their own branded mobile business applications as a means of connecting with their clients. The Company’s platform enables small-to-medium businesses to create, manage and share their own apps to enable marketing and sales for their products and services through its personal mobile apps channel. Its SaaS platform is based on a subscription model of monthly or annual fees. Its technology has automated the app design, development, maintenance and marketing, allowing businesses to create, preview and launch their mobile apps without having to write any code. Its mobile application features graphics to create promotions, push notifications, booking functions, cashback solutions, loyalty rewards, online chat, and online sales and coupons.


TSXV:RABI - Post by User

Comment by Loonyon Apr 20, 2023 5:15pm
26 Views
Post# 35406186

RE:News 12°64 Financing!

RE:News 12°64 Financing!A-Lab the acquiror...;)

SYDNEYApril 20, 2023 /CNW/ - 12.64 Fund Limited Partnership (the "Acquiror") have announced that they have completed a US $300,000 convertible loan financing (the "Convertible Loan") with AdRabbit Limited (TSXV: RABI) (the "Company"). The Convertible Loan forms part of a larger private placement of unsecured, convertible loans of the Company of up to a principal amount of US$700,000. The principal amount owing under the Convertible Loan (the "Principal Amount") will mature on the date which is 12 months from the effective date of the Convertible Loan (the "Maturity Date"). Interest on the Principal Amount will accrue at an annual rate of 6% and will be payable at the Maturity Date or upon Conversion (as defined below).
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