Adrian J Cotterill, Editor-in-Chief
The Directors of XTD Limited (formerly White Eagle Resources Limited) advised this week that their Prospectus Offer dated 4 November, 2014 had been fully subscribed at $3,000,000 (AUS).
XTD anticipates listing on ASX on or around Thursday 18 December, 2014 and informs us that they are operating cash flow positive after installing 32 screens in Melbourne’s metro rail system.
Installations for Brisbane’s metro rail system are planned to commence January, 2015
The Company won a seven-year contract from Metro Trains Melbourne Pty Ltd (MTM) to install and operate 32 XTD digital screens within three of Melbourne’s busiest rail stations. A system that went live 15 October, 2014.
Next month XTD will commence the installation of a further 15 screens into the Brisbane City metro rail network under an exclusive contract with QR Rail for up to seven years.
In Melbourne APN Outdoor has been appointed as exclusive sales agent for an initial period of 12 months.
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