7th Jun 2016 09:43
LONDON (Alliance News) - Onzima Ventures PLC on Tuesday said it has raised GBP150,000 by way of a subscription for 15.0 million new shares at 1.00 pence per share, along with share warrants, to be used for the development of its investment portfolio and for working capital.
The share warrants are on a one for one basis, exercisable at 2.00 pence per share and expiring on June 7, 2017, Onzima said.
Shares in Onzima were flat at 1.10p on Tuesday.
The investment company said subscribers for the shares include institutional and existing investors, following expressions of interest in the stock.
Onzima, which is comprised of two distinct divisions, its Asset Trading division for short and medium term investments and its Business Development division for longer term investments, said it seeks to make short to medium term returns from its Asset Trading in order to fund its Business Development investments and cover overheads.
By Hannah Boland; [email protected]; @Hannaheboland
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