(Correcting how the funds were raised after a replacement statement was issued.)
LONDON (Alliance News) - Investment company Falcon Acquisitions Ltd on Thursday said it has raised GBP163,000 via a share subscription to back its acquisition strategy.
Falcon said it raised the funds through a subscription of 815,000 shares at 20.00 pence per share.
Falcon shares were down 7.1% at 16.25 pence on Friday afternoon.
The company floated in London in January 2016 seeking to make acquisitions in the mobile, online television and broadcasting sectors with a focus on 'over-the-top' content, meaning media content that is delivered via the internet.
The funds will be used to back this strategy.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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