16th Jun 2016 07:04
LONDON (Alliance News) - Craven House Capital PLC, an AIM-listed investment company, on Thursday said it raised GBP3.3 million before expenses by selling new shares, in a move that provides the AIM-listed company with money to implement its investment policy.
In a statement, the company said it raised the money through a placing of 266.8 million new shares at 1.25 pence per share. Shares in Craven House were up 8.1% to 1.00p at the open on Thursday.
"A number of prospective investment opportunities in our target markets are currently under evaluation and further updates will be provided to the market in due course," Craven House said in a statement.
Craven House said it is continuing its talks with "additional prospective investors" with regard to making investments in the company through further subscriptions for new shares.
By Samuel Agini; [email protected]; @samuelagini
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