XTEK Ltd (ASX:XTE) managing director Philippe Odouard speaks to Proactive's Andrew Scott following its A$9.2 million capital raise to institutions and sophisticated investors. They've now opened its share purchase plan (SPP) to raise up to A$2 million through the issue of new shares at A$0.69 per share. He says the funds will assist in their international growth - in particular the installation of additional machinery to make ballistic helmets and plates in the US. The SPP closes on Friday.
XTEK boss talks $2 million SPP to support international ballistic strategy
Quick facts: XTEK Ltd
Price: 0.59 AUD
Market Cap: $41.68 m
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