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Motopia completes mConnect purchase

Motopia completes mConnect purchase

Mobile media and marketing company Motopia (ASX:MOT) has completed the acquisition of the mConnect Group.

The company received approval to issue 100 million shares and 10 million options as part payment for the purchase at its AGM last week.

Motopia will issue the shares and options and finalise some post-completion formalities over the next 10 business days. MOT shares ended Tuesday's trading 3.61% lower at $0.080.

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Tags Mergers and acquisitionsMotopiamConnectASX:MOT

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