Site Group International Limited (AU:SIT) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Site Group International Limited has successfully raised $800,000 through a share placement to sophisticated and professional investors, with cornerstone investment from Powerhouse Ventures Limited. Additionally, the company will convert $200,000 of debt into equity and has announced a Share Purchase Plan for eligible shareholders. The funds are earmarked for expanding training services in the Kingdom of Saudi Arabia and the MENA region, as well as for general working capital purposes.
For further insights into AU:SIT stock, check out TipRanks’ Stock Analysis page.