LONDON (Alliance News) - Human capital resource consultancy Management Resource Solutions PLC on Tuesday said it has raised GBP300,000 via a share placing.
The company placed 3.5 million shares at 8.5 pence each. Management Resource shares were trading down 10% at 8.88 pence on Tuesday morning.
The net proceeds will be used to fund the pipeline of new and potential contract wins and will also provide additional working capital, Management Resource said.
"We are very pleased to announce this small equity placing, which will amongst other things, fund the working capital requirements for the pipeline of new and potential contract wins," Chairman Murray d'Almeida said in a statement.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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