BRC $7 million capital raising to expand sales (Investor Communication):
“Brain Resource Limited (“BRC”) is pleased to announce that it has binding commitments to raise approximately A$7 million…BRC has to date successfully sold its on-line MyBrainSolutions product into two very large U.S. Brain Health markets that have very high needs:
- US Corporate Employee Wellness programs (a $5B market); and
- Addiction Clinics (a $50B market).
Customers and Distributors include Fortune 500 companies including Aetna, Cisco, Mercer, Nationwide, American Express as well as industry leading companies including Accenture and Cerner.…This funding will now allow BRC to expand its sales force and targeted marketing to scale these revenues.
This Conditional Placement is subject to the necessary regulatory approvals and shareholder approval at an extraordinary general meeting to be held around mid August 2014…”
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