20th Feb 2015 09:15
LONDON (Alliance News) - Touchstone Gold Ltd Friday said it has raised GBP500,000 by placing shares with new and existing investors.
In a statement, the AIM-listed investment company said it placed 125.0 million shares at 0.40 pence per share.
The proceeds will fund the continued growth and development of portfolio company GOS Systems, the company said.
The funds will "assist" UK security group GOS with its product development and with expanding international sales channels that are showing "positive potential", Touchstone said.
Touchstone shares were untraded at 0.415 pence on Friday.
By Samuel Agini; [email protected]; @samuelagini
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