Shares in ASX-listed LBT Innovations are in a trading halt while the company raises fresh funds to accelerate its sales and marketing efforts.
LBT Innovations and its broker Hawkesbury Partners were pitching the story to fund managers on Monday morning, seeking to raise $4 million to $5 million in a placement of new shares.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
