CropLogic plans A$8 mln IPO in ASX listing

Fri, 14 Jul 2017

By Sophie Boot July 14 (BusinessDesk) - CropLogic, the agricultural technology company, has launched its prospectus and is planning an A$8 million capital raising before listing on the ASX. The Christchurch-based company is offering 40 million shares at 20 Australian cents each with a minimum subscription of 25 million shares, or A$5 million. The capital will be used to fund market development, research & development, ASX listing costs and working capital, it said. In May, it completed an A$2 million pre-initial public offering funding ro...

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