Future First Technologies: Completes $2.35m placement

Future First Technologies Completes $2.35m placement

• Future First Technologies (FFT) has completed a $2.35 million placement offer of new, fully paid ordinary shares to accelerate growth
• The placement will comprise 78.4 million shares at an issue price of 3 cents per share to sophisticated and institutional investors
• Funds raised will be directed to FFT’s asset vision business to accelerate the integration of EagleSoft into its platform, with trials already being conducted in Victoria’s northeast
• In a release from the Premiers office, Minister for Roads and Road Safety, Ben Carroll says the technology allows them to work more efficiently and effectively
• Future FirstTechnologies shares have ended the day down 7.89 per cent to trade at 3.5 cents