Prospectus Capital Raising
Perth, Jan 18, 2016 AEST (ABN Newswire) - Raya Group Ltd (
ASX:RYG) announces a general public offer for applicants to apply for one new fully paid ordinary share (New Shares) at an issue price of $0.025 per New Share to raise up to $8 million before costs (Offer).
The Prospectus also contains separate offers for a total of 640,000,000 ordinary shares to the Xped Shareholders in connection with the acquisition of Xped Holdings Limited KTM Capital has been appointed as Lead Manager for the prospectus.
EAS Advisors has also been strategically appointed as corporate advisor North America, effective immediately.
Xped is to invest a considerable amount of the proceeds for its customer engagement, and product development processes. The company intends to expand employees across its Sales, Customer Service, Product and Engineering teams during 2016 and to build revenue generating capabilities and facilitate enhanced leverage of its unique patented technology. The proceeds from the Prospectus will also be used to fund working capital requirements over the next 12 months.
About EAS
EAS Advisors, LLC is a private, New York-based boutique investment advisory firm providing a unique service to small and mid-cap companies operating in selected industry sectors. The foundation of EAS's business is built on industry knowledge, capital markets insights and access to a deep pool of traditional and alternative sources of capital. In addition to exposure to US investors, EAS provides public and private companies with access to local industry contacts to enhance their growth and expansion. All securities in the United States are offered by EAS through Merriman Capital Inc., a member of FINRA/SIPC.
To view the full terms and timetable, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-902154.pdf
To view the prospectus, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-902160.pdf
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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