12th Apr 2016 15:47
LONDON (Alliance News) - Wearable device and software company CloudTag Inc said it raised GBP171,430 by issuing new shares.
In a statement Tuesday, CloudTag said it raised GBP150,000 with a new investor by issuing 5.4 million new shares at 2.8 pence and an additional GBP21,430 by issuing 669,643 new shares at 3.2p per share.
Tuesday's statement from the company clarified an announcement it had made on Monday, in which CloudTag had said it raised the full GBP171,430 by selling 5.4 million shares to the new investor at 3.2p per share.
Shares in CloudTag were down 2.6% at 2.80 pence on Tuesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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