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Freshtel drawing up plans for a capital raising

Freshtel drawing up plans for a capital raising

VoIP product and service provider Freshtel (ASX:FRE) has entered a trading halt pending the announcement of a proposed capital raising.

The capital raising will take the form of a placement to investors who are exempt from disclosure requirements.

The company said it should be in a position to give more details, in the form of a market announcement, before Friday. This will lift the trading halt.

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Tags trading haltvoipFreshtelcapital raising

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