16th Apr 2015 07:11
LONDON (Alliance News) - Surface Transforms PLC Thursday said it has raised GBP350,000 before expenses through a placing of new shares.
In a statement, the AIM-listed company said that 2.7 million new shares were placed at 13.0 pence per share. The net proceeds of the placing amount to about GBP335,000.
In November 2014, Surface Transforms had said that it intended to raise up to GBP1.5 million in a placing and open offer. The next month, Surface Transforms said it had raised GBP1.1 million. The latest placing continues that fundraising effort.
The placings have all been priced at 13p per share. The stock is untraded at 11.24p Thursday.
By Samuel Agini; [email protected]; @samuelagini
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