GeoOp brings on two Australian investors in $2.4 mln placement

Wed, 23 Sep 2015

By Paul McBeth Sept. 24 (BusinessDesk) - GeoOp, the workforce management app developer, has raised $2.4 million in a private placement that brings on two new Australian investors, whose networks it says will open doors across the Tasman. The Auckland-based software company sold 5.11 million shares and 1.7 million warrants at 48 cents apiece. Among the participants was Australian small-cap investor Ryder Capital, which will take a 9.6 percent stake in GeoOp, and Kestrel Capital, an Australian venture capital investor that has a stake in Ne...

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