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K2fly CEO Brian Miller shows support for company with on-market purchase

In April the company signed a five year contract with Kinross Gold Corporation for the roll-out of RCubed to eight operating mines and one project.

K2fly Ltd - K2Fly CEO Brain Miller demonstrates faith in the company with purchase of 45,000 shares
K2fly is a technology company that targets asset-intensive industries

K2fly Ltd (ASX:K2F) chief executive officer Brian Miller has demonstrated his faith in the company with the purchase of shares in an on-market transaction.

On May 13 and 14 Miller acquired 45,000 shares in a direct interest, increasing the total number of securities held after the change to more than 2.6 million.

K2F securities last traded at 22.5 cents and are up from 13 cents at close on March 30.

Options underwriting

The company recently entered into an agreement which will result in the partial underwriting of listed options and will receive up to $1.53 million.

This agreement with underwriter KS Capital Limited is in respect of 7.65 million listed options exercisable at 20 cents per option, expiring on May 18 and representing approximately 60% of the K2FOA options on issue.

“Exciting future ahead”

Miller said at the time: "We are delighted to welcome new individual and institutional investors into the fold.

“We have an exciting future ahead of us and it’s always heartening that our existing shareholders have also shown faith in where we are heading.

“Given some of the turmoil impacting the global economies at the moment, we are very pleased that people are backing K2F to have a successful 2020 and beyond.”

Quick facts: K2fly Ltd

Price: 0.355 AUD

ASX:K2F
Market: ASX
Market Cap: $33.02 m
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