Snakk to tap investors for $2 mln, migrate to NXT market

Wed, 16 Sep 2015

By Suze Metherell Sept. 16 (BusinessDesk) - Snakk Media, the mobile advertisement developer, plans to tap investors for $2 million and shift over to the fledgling NXT market from the NZAX. The capital raising is expected within the next month, with the offer available to all New Zealand-based investors and priority to be given to existing shareholders, the Auckland-based company said in a statement. Details of the capital raising, which will fund staff recruitment, expansion into new markets and investment in technology partnerships, are...

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