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Cash Converters International Reports Strategic Investor Introduced to Fund Significant Growth
Tuesday August 18, 2009, 11:27 am

Original Announcement: Strategic Investor Introduced to Fund Significant Growth

Cash Converters International advised that it has entered into a Subscription Agreement with EZCORP, Inc to make a placement of 108,218,000 FPO units at an issue price of $0.50 per unit to raise approximately $54m, representing 30% of the fully diluted capital of the company after the placement has been made. This placement is subject to due diligence and shareholder approval. The funds will be utilised to grow the earnings of the company through accelerating the acquisition of franchised stores and to increase the size of the Safrock loan books.

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