3rd Nov 2014 08:58
LONDON (Alliance News) - Touchstone Gold Ltd on Monday said it is in late-stage talks over a possible investment in a technology company, which it will fund from existing cash resources.
Touchstone did not provide any financial details on the potential deal, nor define the target.
Touchstone had said on Friday it raised GBP300,000 via a placing of just over 78.9 million new shares at 0.38 pence each in order to "execute its investment strategy".
Touchstone shares dropped on Monday morning, down 12% to 0.438 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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