Australia's K2F rises as Newmont extends contract by 5 years

K2FLY

17/09/2021 02:21

** Shares of the tech and asset management co  K2F.AX  rise
as much as 2% to A$0.26
    ** K2FLY says it receives an extension for its contract from
 Newmont to implement K2fly's Resource Governance SaaS solution
    ** Co says five-year extension agreement has a total
contract value of A$1.3 mln ($947,310.00)  urn:newsml:reuters.com:*:nASX6cTvs3
    ** Initial three-year agreement was signed https://www.asx.com.au/asxpdf/20200312/pdf/44fz7jv72cbm5b.pdf
 in March 2020 with a total contract value of A$900,000
    ** As of previous close, stock down over 25% so far this
year
    ($1 = 1.3723 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))