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(Alliance News) -Â Tekcapital PLC on Friday said portfolio company Salarius Ltd's subsidiary MicroSalt Inc has launched an equity crowdfund to raise up to USD750,000.
Tekcapital said USD188,000 has already been raised to date, and the proceeds will be used to help fuel the company's growth and innovation strategy. MicroSalt is the developer and manufacturer of a patented, low-sodium salt called MicroSalt.
MicroSalt Chief Executive Victor Hugo Manzanilla said: "I am extremely excited and grateful for the support of more than 400 investors that have already contributed to our recently launched crowdfund. They are aligned with our vision to make great tasting, better-for-you snacks with MicroSalt, with roughly half the sodium compared with traditional potato chips."
The company has also announced that it is delivering MicroSalt to a newly on-boarded restaurant distributor. This distributor has an initial order to sell MicroSalt to an 18-location restaurant chain, that will provide its customers with low-sodium tortilla chips.
Tekcapital shares were down 0.4% at 17.43 pence each in London on Friday morning.
By Lucy Heming;Â lucyheming@alliancenews.com
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