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BRIEF-Etherstack proposes A$9.6 mln capital raising

Published 19/01/2016, 11:39 am
© Reuters.  BRIEF-Etherstack proposes A$9.6 mln capital raising

Jan 19 (Reuters) - Etherstack PLC ESK.AX :

* Etherstack PLC proposed A$9.6 million capital raise ESK.AX

* Cash from operations in 2015 will be positively impacted by tax received and a reduction in accrued income

* The 2016 results are anticipated to be a marked improvement on those for 2015

* Says ongoing cash costs have been reduced over the past 2 years

* Anticipates the combination of reduced costs and increased revenues will result in a positive EBITDA result in 2016

* Source text for Eikon ID:nASX8QmTjM

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