9th Mar 2018 10:42
LONDON (Alliance News) - Polemos shares were restored to trading on AIM on Friday, albeit at a sharp drop as it said that it requires an agreement from PrimaryBid before offering shares on its platform.
Polemos shares resumed trading down 49% at 0.0110 pence on Friday.
On Thursday, the UK-based investing company said it intends to raise GBP270,000 through share placing of 2.7 billion shares at 0.01 pence per share.
Novum Securities Ltd and Turner Pope Investments Ltd are acting as joint placing agents in respect of private investors.
Polemos also announced a conditional placing of further 1.4 billion shares at 0.01p each to raise GBP140,000 to fund general working capital purposes and to assist in seeking a new opportunity for a reverse transaction.
However if PrimaryBid does not agreed then Polemos will consider alternative options, including an open offer.
Related Shares:
Polemos
