GeoOp to raise funds in the new year to get to break even

Tue, 12 Dec 2017

By Paul McBeth Dec. 12 (BusinessDesk) - GeoOp plans to raise fresh capital in the new year after a scuttled initial public offering across the Tasman to help the management app developer break even. Chair Roger Sharp told shareholders at today's annual meeting in Auckland the company will need to raise new capital in 2018 to cover costs while it nears breaking even, after which it will invest in accelerating its growth ambitions. The Auckland-based company raised $1.7 million from directors after quitting a planned float across the Tasma...

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