1st Jul 2016 07:35
LONDON (Alliance News) - Deltex Medical Group PLC on Friday said it has raised GBP450,000 via a subscription agreement to provide working capital.
Deltex, which makes oesophageal Doppler monitoring probes, said it will issue 10.5 million shares to an existing shareholder at 4.3 pence each to raise the funds. The existing shareholder was not identified.
Shares in Deltex were untraded on Friday morning, having last traded at 4.88 pence.
The proceeds will be used for working capital purposes.
"This additional finance supplements the amounts raised in the first quarter of the year and will provide the company with additional working capital," said Nigel Keen, Deltex's chairman.
By Sam Unsted; [email protected]; @SamUAtAlliance
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