ERoad looks to raise $6 mln in bigger share purchase plan

Wed, 07 Feb 2018

By Sophie Boot Feb. 8 (BusinessDesk) - ERoad has opened a share purchase plan for existing shareholders which is larger than initially indicated, following its $15.5 million capital raising last year. In December, the company announced its plan to raise at least $18 million of new capital, with at least $4 million of that coming from an SPP. Today, it said that has increased to $6 million "given the strong interest that investors have shown in the SPP and ERoad’s desire to provide its loyal retail shareholder base with an opportunity to p...

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