1st May 2015 07:52
LONDON (Alliance News) - Ascent Resources PLC on Friday said it has raised GBP550,000 via a share placing on crowdfunding platform PrimaryBid.com.
Ascent has placed 275 million shares at 0.2 pence per share on the platform. Shares in Ascent were down 24% to 0.2475 pence on Friday, one of the worst performers in the AIM All-Share.
It said it intends to use the proceeds for working capital purposes as it continues to seek potential sources of additional financing.
By Sam Unsted; [email protected]; @SamUAtAlliance
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