Geo Limited (NZX: GEO) announces capital raise

Capital Raise

Geo Limited (NZX: GEO ) announces that it will raise up to $2.0 million from the issue of ordinary shares priced at 6.5 cents per share (the Raise), comprising a $1.5 million placement (the Placement) and a share purchase plan to raise up to $500,000 (the SPP). Proceeds from the Raise are intended to be used for general working capital purposes as the Company accelerates its customer acquisition activity.

Tim Molloy, CEO said:

“Our business is now set up to scale. Work completed this calendar year is showing positive results in all areas, and especially in customer acquisition and retention. We have a capable, focused team led by myself, Scott Player and Peter Hynd. We’re confident that our products will continue to lead the tradie and home services markets. The capital raised will allow us to execute and accelerate on the trends now in place”.

See the links below for more details:

Capital Raise Announcement

Corporate Actions Notice

Cleansing Notice

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