As announced to the ASX on 15 April 2019

The Board of Gooroo Ventures Limited (“Gooroo” or “the Company”) (ASX: GOO) is pleased to advise that it has completed the shortfall placement of 5,882,375 Ordinary Shares that formed part of the Non-Renounceable Rights Issue (pursuant to the ASX announcements dated 13 December 2018), raising approximately $323,531 before transaction costs.

The placement of the shortfall was well oversubscribed, with strong support shown by existing shareholders. This level of support is pleasing and demonstrates a firm endorsement of the Company’s ongoing strategy.

Total funds raised by the Non-Renounceable Rights Issue and Shortfall Placement was approximately $571,214 (before costs) and will be used to finance the launch of the Gooroo Marketing Solutions division, facilitate further planning for international expansion, and for general working capital.

The Company expresses their appreciation to participating shareholders for their ongoing support.

ENDS

Investor Enquiries

Mr Peter Nesveda
Corporate Affairs & International Investor Relations
Intuitive Pty Ltd
Tel: +61 3 9504 8420, Mob: +61 (0) 412 357 375
Email: [email protected]