29th Feb 2016 16:39
LONDON (Alliance News) - CloudTag Inc on Monday said it has raised GBP215,000 through a subscription by Spreadex Ltd for 11.7 million shares at 1.84 pence each.
The funds will be used for general working capital purposes.
CloudTag added that it has issued 7.3 million shares at 1.675 pence each, in settlement of fees due to a third party consultant for business development activities in the UK and Europe.
Shares in CloudTag closed up 4.2% at 1.74 pence on Monday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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