Aspen Group Equity Raising

Aspen Group (which comprises Aspen Group Limited and Aspen Property Trust) (ASX: APZ) (Aspen) is pleased to announce that it intends to raise $20 million through an institutional Placement and Security Purchase Plan (together, the Equity Raising). Rationale The Equity Raising strengthens Aspen’s balance sheet, providing capital for the recently announced Burleigh Heads and Newcastle acquisitions,