5th Apr 2016 17:17
LONDON (Alliance News) - CloudTag Inc said it has raised GBP60,000 of funds through issuing 1.9 million shares, and had settled GBP120,000 fees through a second share issue.
The company, which makes personal monitoring products for the health and wellbeing market, said it issued the shares at a price of 3.2 pence per share, raising GBP60,000.
CloudTag added it also issued a further 3.8 million shares at a price of 3.2p per share, with funds from this issue settling the fees due to third party consultants, of GBP120,000.
The fundraising comes in addition to the GBP337,400 CloudTag raises in two placings in March.
Shares in CloudTag closed down 13% at 2.77 pence on Tuesday.
By Hannah Boland; [email protected]; @Hannaheboland
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