Australia's Swift Networks Group rises on $2 mln fund raise

Swift TV

25/03/2025 04:57

** Swift Networks Group SW1.AX soars 10% to A$0.011; set for biggest intraday pct gain since February 19

** Technology co announces entitlement offer to raise up to A$3.3 mln ($2.1 mln) at A$0.01

** Funds will be used to develop, market, meet production costs of co's TV services product Swift Access and reduce debt

** Stock flat YTD

($1 = A$1.5913)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))