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Pin to quick picksDraganfly Investments Share News (DRG)

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Draganfly Investments Raises GBP137,000 By 51 Million Share Placing (ALLISS)

Mon, 12th Mar 2018 10:09

LONDON (Alliance News) - Draganfly Investments Ltd on Monday said it has raised GBP137,160 through a placing of 50.8 million shares at a price of 0.27 pence per share.

Shares in the investment trading company were down 22% at 0.280 pence.

Proceeds from the placing will go towards general purposes and the costs of a possible transaction under AIM requirements it seeks to make.

However, Draganfly does not expect to make a transaction by the deadline of next Wednesday, which will lead to shares being suspended until the publishing of the admission document of such a transaction.

Draganfly now has 220.2 million shares issued overall.

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Draganfly Blames Weak Share Performance For Net Assets Fall

LONDON (Alliance News) -Draganfly Investments Ltd Monday said its net assets fell to 0.60 pence from 0.65 pence in the six months to the end of October last year because of a weaker performance from its remaining quoted holdings. "This outcome reflects a weaker performance from our remainin

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