Brief: K-Tig Signs Binding Conditional Agreement To Acquire Graham Engineering Limited

Metal Powder Works

26/01/2023 23:57

Jan 27 (Reuters) - K-Tig Ltd  KTG.AX :
    * SIGNS BINDING CONDITIONAL AGREEMENT TO ACQUIRE GRAHAM
ENGINEERING LIMITED
    * ACQUISITION WILL BE FUNDED BY A CAPITAL RAISE OF UP TO
A$20
MILLION
    * UNDERTAKE INTERIM CAPITAL RAISE BY WAY OF CONVERTIBLE NOTE
OF
A$2 MILLION
    * WILL ALSO UNDERTAKE INTERIM CAPITAL RAISE BY WAY OF
CONVERTIBLE
NOTE OF A$2 MILLION
    * PLACEMENT AT AN ISSUE PRICE OF A$0.20 PER SHARE

Source text for Eikon:  ID:nASX1VMK2Z 
Further company coverage:  KTG.AX 
 ((Reuters.Briefs@thomsonreuters.com;))