Family Zone: Raises $22M for business expansion -

Cybersecurity company Family Zone (FZO) is planning to raise up to $22 million through a placement and share purchase plan
While it has received firm commitments for the $20 million placement, how much it will raise under the share purchase plan isn’t yet known
More than 45.4 million shares will be issued to investors at 44 cents — a 4.3 per cent discount to the last closing price on October 21
Over the June and September quarters, Family Zone achieved record sales and ongoing growth
But it claims the extra funding will support its growth strategy and expansion into new markets
Company shares are trading 1.09 per cent lower for 45.5 cents

Family Zone: Raises $22M for business expansion