21st Apr 2016 14:24
LONDON (Alliance News) - Falcon Acquisitions Ltd on Thursday said it raised GBP2.0 million by selling shares to new and existing investors through a subscription.
In a statement, the London-listed investment company said it sold 10.0 million shares at 20 pence per share, to support its acquisition strategy and pursue opportunities in the Over-The-Top market. The stock was untraded on Thursday afternoon, having closed at 21p on Wednesday.
"We have made a very positive start to the year as we continue to pursue opportunities within the billion dollar OTT market, which we believe is at the precipice of transforming the way we access media content. With this in mind, we are delighted to have successfully secured further funding as we continue to identify and assess prime assets. Our focus now is to identify and secure the foundation that will enable us to build a scalable business through which we can generate significant returns for our shareholders," Executive Chairman Gert Rieder said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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