Thursday 5th November 2020 |
Text too small? |
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:
No comments yet
July 8th Morning Report
Half-way predictions scorecard
SKT - Sky appoints new Chief Financial Officer
July 7th Morning Report
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report