MONTO MINERALS LTD Tel: + 61 8 9200 2259
FOR THE QUARTER ENDED 30 SEPTEMBER 2015 Fax: + 61 8 9420 9399Highlights
ShareRoot Continues to Build Client Base and Expand Product Range
In a major development, ShareRoot has added Facebook integration enabling access to Facebook content (ShareRoot already has access to Instagram and Twitter).
The Facebook integration is a key focus for ShareRoot, as its integration drastically increases ShareRoot's access to content. More than a billion additional social media users can now upload content from their Facebook pages directly into ShareRoot's platform.
ShareRoot launched its ground-breaking mobile application to complement the existing user-generated content (UGC) desktop platform. As a B2B (business-to-business) mobile application, ShareRoot's tool allows brands to search, request, and post content all from one place. In addition, users can post their content instantly to social media networks including Instagram, Twitter, and Facebook, a combination that is not possible through any desktop application.
Agreement signed with world-leading fashion group Iconix. The agreement incorporates 15 leading brands under the Iconix umbrella. Iconix is a brand management company and owner of a diversified portfolio of strong global consumer brands across fashion, sports, entertainment and home.
Two revenue generating-clients from within the travel industry signed.
The ShareRoot platform is live and is currently working with more than 82 brands including Costco, UCLA, and Coleman Company.
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| PO Box 637 West Perth WA 6872 | www.montominerals.com|
Revised Key Terms and Signing of Merger Agreement
Monto has paid an exclusivity option and exercise fee to ShareRoot.
In August 2015, the consideration for the acquisition of ShareRoot was reduced by 30% (from AUD$10M to AUD$7M) and will be satisfied by the issue and allotment of 140,000,000 Monto shares (on a post consolidation basis) at AUD$0.05 to the shareholders of ShareRoot. These shares will be subject to ASX escrow provisions.
A revised Performance Rights Plan (PRP) was also agreed which allows for the issue to the founders of ShareRoot and future Board members a total of 120,000,000 performance rights (on a post consolidation basis) which are automatically converted into shares in Monto on a one for one basis (milestones).
Subsequent to the September 2015 quarter, Monto and ShareRoot executed an Agreement and Plan of Merger which contractually formalized the transaction between the two parties.
Corporate
On 18 September 2015 the Company completed the issue and allotment of all securities pursuant to the non-renounceable entitlement issue of three shares for every eight shares at an issue price of $0.001 per share, being 500,415,896 shares to raise
$500,415. Further, for every two shares issued there was a free attaching unlisted option exercisable at $0.00111 on or before 31 December 2017.
Herberton Project and Baal Gammon
The Company continues to maintain its strategic tenement holding in the Herberton Region, Queensland through its wholly owned subsidiaries, and will re-evaluate the projects in the coming months, subject to completion of the Acquisition, seeking either a strategic partner or divestment.
ShareRoot Continues to Build Client Base and Expand Product Range
In a significant milestone, the ShareRoot platform has added Facebook integration functionality enabling the upload of Facebook content to its UGC galleries. The Facebook integration has been a key focus for ShareRoot, as its integration significantly increases ShareRoot's access to content.
More than a billion additional social media users can now upload content from their Facebook pages directly into the ShareRoot galleries.
ShareRoot recently launched the core of its version 2 feature set which includes full brand website integration of UGC (ShareRoot Gallery). Brands can now integrate a number of different ShareRoot-hosted UGC galleries straight onto the webpage allowing consumers to see authentic brand endorsements from other consumers and drive sales or other types of engagement. Consumers may also contribute to the ShareRoot Gallery by uploading their own content from their own desktop or mobile devices, Instagram, Facebook, or Dropbox. Half of Tier 1 subscribers have expressed interest in upgrading to version 2.
During the September 2015 quarter ShareRoot released its ground breaking mobile application to complement the existing UGC desktop platform.
The launch of the business facing mobile application signals the next step in ShareRoot being able to provide brand decision makers with the tools necessary to obtain content and connect with everyday consumers at all times. As a B2B (business-to-business) mobile application, ShareRoot's tool will allow for brands to search, request, and post content all from one place. In addition, users of ShareRoot's mobile application will be able to post their content instantly to social media networks including Instagram, twitter, and Facebook, a combination that is not possible through any desktop application.
The ShareRoot mobile application is only available in conjunction with a subscription to the ShareRoot platform and is not publicly available. Accordingly, the success of the ShareRoot
mobile app is not measured by the number of users, but by the usability and functionality of the app as a complement to the overall ShareRoot platform.
A video demonstrating functionality of the app can be found at the link below: https://youtu.be/M-yHJa6s1S8
N e w C lie ntsDuring the September 2015 quarter ShareRoot signed leading fashion group Iconix Brand Group, Inc (Iconix).
The deal will provide a number of Iconix's high profile brands access to the ShareRoot platform. The agreement incorporates 15 brands under the Iconix umbrella, namely:
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Iconix is a brand management company and owner of a diversified portfolio of strong global consumer brands across fashion, sports, entertainment and home. Iconix specializes in marketing, merchandising and licensing its brand portfolio and has over 1,100 licenses with leading retailers and manufacturers worldwide that sell across various distribution channels from the mass tier to the luxury market, as well as through various media outlets.
Partnering with Iconix provides Shareroot with another expansive vertical in which UGC is considered extremely valuable to consumer spending. The strong entry point into the fashion industry establishes ShareRoot as a market leader within the consumer content and relationship field.
ShareRoot has also signed two new clients to its platform during the September 2015 quarter, both are within the travel industry.
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