Money3 Corporation to increase cash reserves

(MENAFN- ProactiveInvestors - Australia) Money3 Corporation (ASX: MNY) has been granted a trading halt by the ASX this morning to organise a capital raising. Money3's shares have been placed in pre-open. The company provides short term loans and has 34 branches. FY12 highlights included revenue of $15.5 million and profit after tax of $2.5 million. The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 16th November.