11th Sep 2013 09:56
LONDON (Alliance News) - Food technology company Provexis PLC Wednesday said it has raised net proceeds of GBP286,750 by drawing down on its equity financing facility with Darwin Strategic Limited, the third draw down since the facility was agreed in November 2011.
It has allotted 31 million new shares to Darwin as part of the deal.
Provexis said it had also signed a new five-year equity financing facility of up to GBP10 million with Darwin, which replaces existing facilities.
Provexis shares were down 2.4% at 1 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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