Lindsay raises $1.5m to fund fleet expansion


Lindsay raises $1.57 million through share purchase scheme to fund planned expansion

October 9, 2009

Lindsay Australia has raised $1.57 million through a share purchase scheme to fund a planned expansion of the Brisbane-based trucking group.

The company announced in September it would restructure its share registry to raise cash.

The scheme, brokered by RBS Morgans, has raised $1,568,900, the company has told the stock exchange.

"The proceeds from the SPP [share purchase plan] will be used primarily to increase working capital and fund expansion and fixed asset purchases," a statement says.

The company doesn't say what assets will be purchased with the revenue.

You can also follow our updates by joining our LinkedIn group or liking us on Facebook

 

Trucks For Hire | Forklifts For Hire | Cranes For Hire | Generators For Hire | Transportable Buildings For Hire