CRe8 Home & Finance: Cornerstone $1m Investor and Trading Halt Update

15 October 15

"To Whom It May Concern:


We are very pleased and excited to announce that CRe8 Home and Finance Ltd (CRe8) has signed a $1m commercial investment agreement with Glenvill on the 8th October 2015. The investment is in the form of a convertible note that is expected to convert to shares within six months. Further details are available upon request.


Already a key builder partner of CRe8 for several years, Glenvill is a major reputable quality builder and now a cornerstone investor that underpins confidence in CRe8’s Home Without A Deposit business, bringing with it added credibility.

 

“For more than 55 years, Glenvill has been designing and building award-winning homes that have set the benchmark for outstanding design and quality of finish”. -See more at: http://www.glenvill.com.au/about-us/


This investment allows CRe8 to continue growing it’s home deposit loan sales revenue and pipeline, as well as increase its loan book and balance sheet.


The Directors’ opinion is that this cornerstone investment materially enhances the company’s value. However, CRe8’s Directors have decided to continue trading under the current offer in Round 3 at $0.04/share.


CRe8 is an innovative developer of products and systems that provide solutions to needs in the property and finance industries. Its flagship and market disruptive genuine 100% deposit finance product is ‘Home Without a Deposit’ for owneroccupiers and investors."

 

Paul Wiwatowski, Director,  CRe8 Home and Finance Ltd, 15th October 2015