8th May 2015 07:50
LONDON (Alliance News) - Xtract Resources PLC Friday said it has completed a GBP3 million fundraising, with the company intending to use the proceeds to pursue acquisition opportunities.
Xtract has raised GBP3 million via the issue of 1.2 billion shares at 0.25 pence per share. Shares in Xtract were down 17% to 0.2875 pence Friday morning, one of the worst performers in the AIM All-Share index.
Xtract intends to use the funding to pursue two significant acquisition opportunities, which it said it will provide further updates on in due course.
By Sam Unsted; [email protected]; @SamUAtAlliance
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