11th Apr 2016 09:25
LONDON (Alliance News) - Wearable device and software company CloudTag Inc Monday said it raised a further GBP171,430 with a new investor through the issue of 5.4 million shares at a price of 3.2 pence per share.
This was a 12.3% premium to the company's closing share price Friday. Shares in CloudTag were down 1.1% at 2.82 pence Monday morning.
The company has undertaken a series of fundraisings in recent weeks, raising GBP60,000 last Tuesday at the same price, further to the GBP337,400 it raised in two placings in March.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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