- TEK-Ocean (T3K) enters into a trading halt ahead of a capital raise
- It is not known to the market on how much the company is aiming to raise or how it plans to spend the money
- Company shares will be paused until Monday, August 22, or when further information has been released to the market
- Shares in TEK-Ocean last traded at 17.5 cents on August 16
TEK-Ocean (T3K) has entered into a trading halt ahead of a capital raise.
It is not known to the market on how much the company is aiming to raise or how it plans to spend the money.
Company shares will be paused until Monday, August 22, or when further information has been released to the market.
The company provides engineering, subsea, marine, logistics, consultancy and specialist oil and gas services and has offices and operational facilities across regional Victoria and Perth.
In July, the company appointed Roy Sharma as its new head of finance who started his new position on August 1.
In the same announcement, David Wilkinson had stepped down from his Non-Executive Director role after accepting a full-time role with another company.
Also announced today, the company’s Non-Executive Director Brendan Brown has given notice of his resignation from his position due to competing work commitments.
Shares in TEK-Ocean last traded at 17.5 cents on August 16.