12th Apr 2016 07:12
LONDON (Alliance News) - Drone maker Strat Aero PLC on Tuesday said it has raised GBP400,000 through a share placing to back its product roll-out plans.
Strat Aero said it has issued 35.6 million shares at 1.125 pence per share to raise the funding. Strat Aero shares were down 13% to 1.2p early Tuesday, one of the worst performers in the AIM All-Share.
The funds will be used to support the roll-out of Strat Aero's unmanned aerial vehicle products, it said.
By Sam Unsted; [email protected]; @SamUAtAlliance
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