2nd Jul 2018 13:38
LONDON (Alliance News) - Creo Medical Group PLC said Monday it is considering its future funding and has instructed advisers to commence work on a proposed share placing.
Initially the company planned to raise between GBP15 million and GBP20 million, but it said now it expects to raise more.
Among other things, the proceeds will allow the company to continue to extend its training programme for clinicians, complete its development of the Gastro Intestinal suite of products and fund research and development into further applications of products, it said.
There is not certainty that the placing will take place, the company added.
Creo shares were trading 3.4% higher at 128.20 pence each.
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