Traffic Technologies Ltd (Traffic Technologies / Company) (ASX:TTI) is pleased to announce a non renounceable pro-rata rights issue (Rights Issue) and Share Top Up Facility to raise approximately $6.2 million before costs of the issue (Capital Raising).
In conjunction with the Capital Raising, the Company will restructure its current bank facility arrangements with the objective to achieve a level of gearing more consistent with market practice and to provide it with greater balance sheet capacity and flexibility to continue development of the Company's growth opportunities.
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