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XTEK boss talks $2 million SPP to support international ballistic strategy

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.

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Price: 0.59 AUD

ASX:XTE
Market: ASX
Market Cap: $41.68 m
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XTEK's Phillipe Odouard says September quarter in the US was exceptional

XTEK Ltd's (ASX:XTE) managing director Phillipe Odouard tells Proactive's Andrew Scott the September quarter was strong with 'exceptional' progress in the US. The firm completed first deliveries of the XTclave™ plates, enhancing XTclave™ manufacturing capabilities in South Australia and...

1 week, 2 days ago

2 min read