XTD Limited (ASX:WEG), formerly White Eagle Resources, has raised $3 million through its fully subscribed initial public offering and expects to list on the ASX on or around Thursday, 18 December 2014.
The company is cash flow positive after installing 32 XTD digital screens within three of Melbourne’s busiest rail stations.
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.
XTD is fully funded to roll out the Brisbane system which will operate from mid-April next year.
Its billboard-size LED television screens are accompanied by high definition sound to broadcast advertising and information to train commuters. The system operates in both underground and above ground locations.
