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K2Fly's substantial shareholder Narelle Fay increases stake to 6.30%

The company is focused on solving problems for clients and owns software solutions such as RCubed and Infoscope.

K2fly Ltd - K2Fly's substantial shareholder Narelle Fay increases stake to 6.30%
K2fly has received a high level of interest from NYSE listed companies for its software solutions

K2Fly Ltd (ASX:K2F) substantial holder Narelle Fay has increased her stake in the company from 5.21% to 6.30%.

Fay now holds more than 5.22 million K2F shares.

The company recently signed a three year extension to its original annual RCubed contract with AngloGold Ashanti Ltd (ASX:AGG) (JSE:ANG) which is set to begin in March 2020.

“Instrumental in RCubed solution”

AngoGold is an independent global mining company with operations and projects on four continents listed on the ASX, JSE and NYSE and is the third-largest gold mining company in the world measured by production.

K2fly chief commercial officer Nic Pollock said: “AngloGold Ashanti was instrumental in the creation of the RCubed solution and is one of the few global mining companies that delivers a dedicated mineral resources and ore reserves report.

“The report is created entirely from within the RCubed Resource Governance solution, from data collection through to publishing ensuring full resource governance, security and the integrity of the data.”

Quick facts: K2fly Ltd

Price: 0.205 AUD

ASX:K2F
Market: ASX
Market Cap: $17.07 m
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