IkeGPS shares halted pending placement of shares

Thu, 07 Jan 2016

By Jonathan Underhill Jan. 8 (BusinessDesk) - IkeGPS, the laser measurement tool developer, had its stock halted pending a placement of shares to some institutional and wholesale investors. The Wellington-based company said it received a firm expression of interest "from an undisclosed offshore investor" to invest $500,000 buying shares at 81 cents apiece, a 15 percent premium to the last traded price. IkeGPS said it wants to offer selected institutional and wholesale shareholders an opportunity to participate on the same terms IkeGPS...

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