ERoad plans $18m capital raise as it pushes US expansion

Mon, 11 Dec 2017

By Sophie Boot Dec. 12 (BusinessDesk) - ERoad is in a trading halt as it looks to raise at least $18 million through a placement and a share purchase plan to fund an upgrade of its back-end systems amid a push into North America. The company said it wants to raise at least $14 million through a placement of new shares and at least $4 million through the share placement plan. The placement will be conducted today through a bookbuild run by First NZ Capital Securities, while the terms of the share purchase plan will be announced in more de...

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