Argonaut acted as the Sole Lead Manager to a $6.2m Placement for K2fly Limited (ASX:K2F) (“K2fly”). The placement was cornerstoned by Maptek Pty Limited, a world-leading provider of innovative software and services for the global mining industry and supported by K2F’s existing institutional and large shareholders.
Maptek becomes a c.13% shareholder in K2F and in addition Mr Peter Johnson Executive Chairman of Maptek joins the board of K2F.
The capital injection strongly positions K2fly to expand product development and working capital to further advance the prospects of the company in the market.
Argonaut continues to support to K2fly and looks forward to their ongoing success.