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ShareRoot Ltd to lift cash as cloud-based platform expands

The halt will remain in place until Wednesday 5th July 2017.

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ShareRoot Ltd is focused on the social media marketing ecosystem

ShareRoot Ltd (ASX:SRO) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

ShareRoot recently outlined a significant milestone for its unique user-generated content (UGC) marketing platform, reaching 180,000 users at the end of June.

The company’s user base has nearly doubled quarter-on-quarter, up from just under 100,000 active users at the end of the March 2017 quarter.

The halt will remain in place until the opening of trade on Wednesday 5th July 2017, or earlier if an announcement is made to the market.

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Price: 0.125 AUD

ASX:OPL
Market: ASX
Market Cap: $3.7 m
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