Australia's K2fly jumps after Maptek investment

K2FLY

08/04/2022 05:52

** Shares of K2fly Ltd  K2F.AX  jump as much as 34% to
A$0.24
    ** The software and services provider says it raised A$6.2
million ($4.64 million) as part of a single tranche placement
from Maptek
    ** Placement priced at A$0.18 per ordinary share, ~3%
premium to Wednesday's close
    ** Stock was halted for trading on Thursday
    ** Shares on track for best day since June, 2019, if gains
hold 
    ** Maptek, a mining software services business, to become a
13.2% strategic shareholder in K2fly 
    ** Co says Maptek's chairman to join the K2fly board as a
Non-Executive Director
    ** Stock has fallen ~30% so far this year

($1 = 1.3371 Australian dollars)

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))