KTM Capital Appointed To Raise Up To $6.8M
Perth, Dec 8, 2015 AEST (ABN Newswire) - Raya Group Limited (
ASX:RYG) (Raya) is pleased to announce it has appointed leading Sydney based investment bank KTM Capital Pty Ltd (KTM) as lead manager to raise up to $6.8m for the proposed Prospectus Offering (Offering).
KTM is currently assisting Raya with the roadshow beginning this week with leading institutions and funds located in Asia, North America and Australia.
KTM at its discretion plans to enter into a formal underwriting agreement prior to lodgement of the Prospectus with the Australian Securities and Investment Commission (ASIC). The proposed Prospectus is currently being finalised with expectations of lodgement by mid-December with ASIC.
About XPED Ltd
XPED Ltd (ASX:XPE) is an Australian Internet of Things (“IoT”) technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. Xped provides technology solutions for Smart Home, Smart Building, and Healthcare.
At Xped, we’re Making Technology Easy Again(TM)
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