• Placement of 5.5 million new shares at 10 cents per share with free attaching 1 for 1 unlisted call options
• Placement of 2 million new shares with attaching 2 million unlisted call options to Managing Director Scott Beeton
• Funds to be used for working capital, acquisition of The Term Deposit Shop, and investment in Ausbiz Capital

ARC Funds Limited (ASX:ARC) has announced that it has successfully completed the placement of new equity along with a director commitment for new equity, raising a total of $750,000 before costs. The key points are: 1) The issue of 5,500,000 new shares at 10 cents per share with free attaching 1 for 1 unlisted call options to wholesale and sophisticated investors using the placement capacity available to the company under ASX Listing Rules 7.1 and 7.1A. 2) The issue of 2 million new shares with attaching 2 million unlisted call options to Scott Beeton, Managing Director of the Company, on the same terms as the above at 10 cents per share. 3) The funds will be used for working capital purposes, following the acquisition of The Term Deposit Shop, and investment in Ausbiz Capital. 4) The issue price of 10 cents is a 7% discount to the 15-day VWAP at Thursday 3 July of $0.107552. The capital raise is in two stages, with the first being the issue of 5,500,000 new shares and the second being the issue of 2 million new shares to the Managing Director, both with free attaching unlisted call options.