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XTEK Ltd terminates equity placement facility

Published: 21:30 25 May 2016 EDT

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XTEK Ltd (ASX:XTE) has advised that the company has terminated the Equity Placement Facility Agreement entered into with Kentgrove Capital Pty Ltd on 14 July 2015, effective as of 26 May 2016.

The termination decision reflects the company’s desire to pursue other avenues of capital raising in the future.

XTEK shares are currently in a trading halt, pending details of a capital raising, that is proposed to be underwritten.

 

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