QMASTOR launches $3.9m rights issue

QMASTOR launches $3.9m rights issue

Industrial software developer QMASTOR (ASX:QML) has launched a 1 for 3 rights issue to raise $3.9 million.

The non-renounceable issue will be at $0.21 per share – a 25% discount to QMASTOR's closing trading price from yesterday.

Shareholders taking up the offer will be entitled to apply for extra new shares at the same price.

The proceeds will be used to fund the acquisition of Canadian software and services company Algosys.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags ASX:QMLAlgosysrights issueQMASTORsoftware

Show Comments

Market Place