11th Apr 2014 14:10
LONDON (Alliance News) - Africa Opportunity Fund Ltd Friday said that it has raised a total of USD29.2 million, before expenses, through a placing of 29.2 million C shares at a placing price of USD1.00.
Africa Opportunity Fund shares were up 1.2% Friday afternoon, at 1.31 pence per share.
"The board is delighted that the company has grown by over 55% through the placing, and with the support shown to the company's investment manager and the company by existing shareholders and new investors," said Myma Belo-Osagie, chair of the company.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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