K-TIG Raises $2m to progress UK nuclear strategic initiatives
- K-TIG (KTG) taps investors for $2 million to progress its UK nuclear strategic initiatives
- The company raised the funds through the issue of 2000 convertible debt notes with a face value of $1000 each
- The notes will automatically convert into shares, subject to the approval of KTG shareholders and the company completing a future capital raising of $4 million
- KTG will use the proceeds from the raise to support sales momentum, progress its UK nuclear strategic initiatives and general working capital
- KTG last traded at 14.5 cents in January
