A$400K SHARE PLACEMENT Diversified Internet technology systems &...

A$400K SHARE PLACEMENT


Diversified Internet technology systems & services group, Synergy Equities Group Limited (“the Company”, ASX :
SYG), in accordance with the following extract from its Letter to Shareholders announced to ASX on 06 June 07:
“As a Board we have unanimously resolved (the ASX announcement of 25 September 2006 refers) to
continue with the approach of making smaller placements minimising dilution to existing shareholders
whilst we strive for the financial performance results that will lead to a re-rating of the value of your
Company’s securities and accordingly a much more favourable price at which to allot shares.”
has today completed a A$400,000 share placement comprising 20 million Fully Paid Ordinary Shares at an issue price
of 2 cents per share to sophisticated investors. The share placement represents 2.3% of the Company’s enlarged share
capital, will rank pari passu in all respects with the existing ordinary shares and is within the limits set out in the ASX
Listing Rules, being issued under the Company’s 15% placement capacity.
The capital raised pursuant to the placement will be used to fund the corporate and administrative activities of the
Company as the upscaling of its technical and corporate operations continues, as well as provide working capital for the
SMX
sales & marketing of the Company's suite of Internet technology products and services including Data-inCrypt
secure registered email and the SYNERGY Integration division. In addition, the fund raising will ensure that the
Company can continue to attract highly skilled and qualified personnel.
Mark Popham
Company Secretary & CFO
SYNERGY EQUITIES GROUP LIMITED