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BUZZ-Australia's Swift Networks Group rises on $2 mln fund raise

Reuters
03-25
BUZZ-Australia's Swift Networks Group rises on $2 mln fund raise

** Swift Networks Group SW1.AX soars 10% to A$0.011; set for biggest intraday pct gain since February 19

** Technology co announces entitlement offer to raise up to A$3.3 mln ($2.1 mln) at A$0.01

** Funds will be used to develop, market, meet production costs of co's TV services product Swift Access and reduce debt

** Stock flat YTD

($1 = A$1.5913)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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