ASPEN Group has completed the institutional component of its entitlement offer, raising $59 million.
Earlier this week Aspen launched the offer seeking to raise a total of $101.4 million, with proceeds raised used to retire debt.
Aspen Group chairman Frank Zipfinger said approximately 93% of institutional securityholders took up their entitlements.
Retail investors will now be invited to take part, to raise approximately $41 million.
Property Review
