13th Aug 2019 14:25
(Alliance News) - Boston International Holdings PLC said on Tuesday that it has issued six million new shares to raise GBP300,000.
The special purpose acquisition company will price the shares at 5.0 pence each and expects trading of the shares to take place on August 16.
The company was formed to acquire a business in the foreign exchange sector and announced plans for a reverse takeover of broker Cornhill FX in August 2017.
Boston aborted those plans in July this year because it could not raise enough cash to complete the transaction.
Shares in the company were untraded on Tuesday afternoon in London, last quoted at 4.50p each.
Related Shares:
Boston Int