26th Nov 2015 09:47
LONDON (Alliance News) - mporium Group PLC on Thursday said it has raised about GBP3.1 million by placing 38.4 million new shares at 8.0 pence each with new and existing investors.
The proceeds will be used to continue the mobile commerce company's product development, its growth strategy and for working capital purposes.
Chief Executive Barry Moat said the company "will be well positioned to take advantage of the exciting opportunity in the m-commerce market".
"We look forward to announcing further details on our new products in 2016," Moat said.
Shares in mporium were up 0.9% at 8.32 pence on Thursday morning.
By Samuel Agini; [email protected]; @samuelagini
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