• Placement of 5,893,479 new shares at 11.5 cents per share with free attaching 1 for 1 unlisted call options
• 521,739 new shares with attaching 521,739 unlisted call options issued to Managing Director
• Funds to be used for working capital and debt reduction

ARC Funds Limited (ASX:ARC) has announced that it has successfully completed the placement of new equity along with a director commitment, raising a total of $737,750 before costs. The key points of the capital raise include the issue of 5,893,479 new shares at 11.5 cents per share with free attaching 1 for 1 unlisted call options to wholesale and sophisticated investors, as well as the issue of 521,739 new shares with attaching 521,739 unlisted call options to the company's Managing Director, Scott Beeton, on the same terms. The funds raised will be used for working capital purposes and debt reduction. The issue price of 11.5 cents represents a premium to the 15-day VWAP of 11 cents as of Monday, 8 December. The company welcomes new shareholders to the register and thanks existing shareholders for their continued support. The success of this raising demonstrates the increasing interest in the company as it continues to execute on its strategy to build its product offerings and financial services distribution capability into a sustainable, scalable, and profitable business.