Technology investment company Techniche (ASX:TCN) shareholders have approved a $3 million share placement, to be used to fund the acquisition of Urgent Technology.
At an extraordinary general meeting, shareholders voted to approve the placement of 59.5 million new shares at 4 cents per share.
A related resolution to issue 15.5 million shares to directors at 4 cents per share was also passed.
TCN shares are currently trading unchanged at $0.045.
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