Straker plans to raise AUD 20m share placement to both institutional and retail investors. Proceeds to be used to pay down debt raised to acquire Lingotek, boost M&A, and invest in sales.
Additional funding by private equity fund Bailador Investments brings Straker’s total funding since the start of 2015 to NZD 12m. CEO Grant Straker says company is planning an IPO in Australia in 2017.
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