Maptek provides K2fly with funding line

K2fly major shareholder Maptek has provided the ASX-listed mining enterprise software company with a A$2 million unsecured working capital facility.

Maptek, the world’s largest privately-owned mining software firm, became a 13.2% shareholder in K2fly when it backed a $6.2 million equity raiding by the company last April.

“The facility provides a growth-oriented business like K2fly with irregular billings, access to cost effective working capital and is another example of the strong strategic alignment and support the Maptek relationship has demonstrated to provide,” K2fly chair Pauline Vamos said.

Maptek chair Peter Johnson is a director of K2fly.


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