21st Sep 2018 17:50
LONDON (Alliance News) - Versarien PLC, a engineering materials group, said that it will raise up to GBP2.9 million via issue and allotment of 2 million new ordinary shares at 145 pence per share, a discount of 18% to the closing mid-price on Friday.
Shares in the company closed at 170.00 pence each, up 4.8%.
The company also said it in advanced talks to acquire a majority stake in Gnanomat SL, a Spanish company capable of utilising Versarien's graphene products for energy storage devices for use in electrical vehicles and portable electronics products. If successfully concluded, Versarien will provide funding to scale up a pilot plant.
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