31st Jul 2019 17:18
(Alliance News) -Immotion Group PLC on Wednesday said it has raised additional proceeds of GBP370,000 via broker option for a previously announced GBP2 million capital raise.
The virtual reality out-of-home entertainment group on Tuesday said it would raise GBP2.0 million in gross proceeds via share placing with new and existing investors. It has now authorised its placing managers to issue additional 5.5 million new shares, through the broker option at 6.75 pence per share.
The company has issued 35.1 million new shares in total via the placing and broker option, raising gross proceeds of GBP2.4 million.
Shares in the company closed at 6.80p each, up 3.8%.
Related Shares:
IMMO.L