The local unified communications provider is seeking to raise up to $3 million by issuing 15 million ordinary shares at an issue price of $0.20 cents.
Assuming full subscription, the total number of shares on issue will be 255.4 million shares and Azurn International will have a market capitalisation on listing of approximately $50 million, said Ananda Rao, managing director of Azurn.
The company has operations centreed on its facilities in Australia, the United States, India and the United Kingdom.
Its core capabilities lie in communication and online publishing technologies, said Rao.
"The additional funds raised under this prospectus will be used to fund the ongoing growth, development and implementation of The Azurn Group's communication and publishing technologies," he said.
Rao said Azurn's communication technology integrates audio, video and data content to be delivered, across any carrier network- the internet, broadband, telephone and wireless protocols and to any device such as computers, mobile phones and Personal Digital Assistants (PDAs).
Its principal patented collaboration device 'MERLIN' can be described as a 'telco in a box'.
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