16th Oct 2024 20:00
Versarien PLC - Gloucestershire, England-based advanced materials engineering group - Raises GBP450,000 via a placing at 0.0325 pence per share. Proceeds will be used to further increase the in-house concrete and mortar testing capabilities and fund external UKAS accredited testing services for 3D construction printed products, as well as for general corporate and working capital purposes. In August, company struck its first significant 3D construction printing contract with Building For Humanity CIC. In early October, outlined a pipeline of opportunities of GBP4.7 million, and the proceeds will also help the company to pursue these.
Current stock price: 0.034 pence, closed down 38% in London on Wednesday
12-month change: down 95%
By Jeremy Cutler, Alliance News reporter
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