IkeGPS completes $3M capital raise, largely through sub-underwriters

Sun, 25 Sep 2016

By Sophie Boot Sept. 26 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, has completed $3 million of capital raising to help fund its push into international markets, with about three-quarters picked up by the sub-underwriters. The company raised $5.25 million in August selling more than 8 million shares at 60 cents, and completed a share purchase plan, selling 5 million shares at the same price to raise a further $3 million. Those funds will help expand sales and marketing in the US and the wider international market, to develop...

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