27th Apr 2018 09:36
LONDON (Alliance News) - Avanti Communications PLC said on Thursday it raised GBP170,949 through the issue of 1.5 million shares at a price of 11.225 pence per share through an open offer to shareholders.
Shares in the satellite firm rose 10% at 6.75 pence on Friday.
The open offer was launched on April 9, and was originally intended to raise a maximum of GBP4.3 million.
Proceeds will go towards general working capital requirements.
Avanti Communications now has 2.16 billion shares issued overall.
Related Shares:
AVN.L