Maybe read the announcements for further contracts and possible $2mill investment Excite Technology Services Limited [ASX:EXT] (the Company) is pleased to announce that its wholly owned subsidiary Virtual Information Technology Pty Ltd (VITCS) (trading as part of the Excite Cyber group) has extended its agreement provide support services to the Tasmanian Government for another 3 years. The agreement will see existing services provided by Excite Cyber continue with a total value of up to $778K over the initial 3 year term.
Excite Technology Services Limited (Excite or the Company) (ASX:EXT) is pleased to announce the execution of an option with Belgravia Group (through Belgravia Strategic Equities Pty Ltd) (Belgravia) to invest up to $2 million in Excite by way of convertible note. Under the terms of the convertible note, Excite would, upon conversion, issue up to 200 million shares at 1 cent per share (being the conversion price), representing a 25% premium to the previous closing price of the Company. Belgravia has until 30 September 2024 to elect to make the investment.
