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MediaRelease15September2016
EXCALIBURLAUNCHESPROSPECTUSTORAISEUPTO$8MILLION
ExcaliburlaunchesProspectusaheadofRTObyDropsuite
• DropsuiteisaglobalCloudbasedsoBwareplaDorm• EnablesSMEsworldwidetheabilitytobackup,recoverandprotecttheirdigitalassets• 100,000paidusersreachedinAugust2016,plus500%revenuegrowthachievedin2016• Expandingglobalfootprint&topVerresellerpartners• Securedbymilitarygradesecuritytoensurecustomerdataisprotected
ExcaliburMiningLimited(ASX:EXM)(Excalibur)ispleasedtoannouncethelodgementoftheDropsuiteLimited (Dropsuite) Prospectus with Australia’s securi?es regulator, the Australian Securi?es andInvestmentsCommission,inrespectoftheDropsuitereversetakeover(RTO)ofExcaliburMining.
TheExcalibur/DropsuiteProspectusoffersupto80millionsharesatanissuepriceof$0.10pershare,toraiseuptoAU$8million,withaminimumsharesubscrip?onofAU$5million.
Dropsuite expects the RTO of Excalibur Mining to be completed by 30 November 2016 and to bereinstatedandbegintradingontheASXbythisdate.
IncommenVngontheProspectus’launch,Dropsuite’sChiefExecuVveOfficer,CharifElansarisaid:
“Weare verypleased tobe in theprocessof transi?oning intoa listed companyandwill con?nue toworkwithenthusiasmanddedica?oninordertoreachthiskeycompanymilestone.
“Thereare30,000websiteshackeddaily,and62%ofSMEsdonotrou?nelybackuptheirdata.Wehavedevelopedcosteffec?vebackupandrecoverysolu?onsthatarebothfeature-richandcomplexityfree,tohelpusersprotectandbackuptheirwebsite,email,mobileorserverdata.”
AboutDropsuiteDropsuitehaspartneredwith someof the largestglobalnames in thehos?ngand IT serviceprovidermarket,includingGoDaddy,theworld’slargestdomainnameregistrar,IngramMicro,theworld’slargestdistributorofcomputerandtechnologyproducts,andSingtel,thelargesttelcoinSingapore.Dropsuitealsopartnerswithmany leadinghos?ngproviders such asGMO Internet (Japan),Hostpapa (Canada),Blacknight(Ireland),andOZHos?ng(Australia).
Dropsuitewasfoundedin2012andisheadquarteredinSingapore,withasalespresenceintheUnitedStates,Europe,Japan,IrelandandAustralia.Ithasdevelopedthesobwareusingitshighlyqualifiedandexperienced in-house engineering team. In 2016, Dropsuite launched professional-grade businesscon?nuity services such as server backup and email archiving -- via cloud based and on-premiseintegra?ons.
Melbourne based Novus Capital Limited is ac?ng as the Lead Manager and Sponsoring Broker toDropsuite.
Formoreinforma?onpleasevisit:www.dropsuite.com
ForfurtherinformaVon,pleasecontact:
RodNorth,ManagingDirector,BourseCommunicaVonsPtyLtdT:(03)95108309,M:0408670706,E:rod@boursecommunica?ons.com.au