Delta Gold Technologies starts trading on Aquis Growth Market

(Alliance News) - Delta Gold Technologies PLC started trading on the Aquis Growth Market on Monday, with a market capitalisation of around GBP5.9 million.

London-based Delta is developing intellectual property aimed at the quantum computing space that can be licensed globally.

It said the technology will be centred around the use of nano-space gold and other materials.

The company said the IP will be developed by a nanotechnology and quantum computing team at the University of Toronto.

The firm has 59.0 million shares in issue at 10 pence each. Shares in the firm were flat at 10p on Monday afternoon.

The listing follows a GBP2.5 million fundraising through a placing and subscription of 25.0 million new shares at 10p each. Around 50% of the issued and outstanding shares are subject to a 12-month lock-up.

"We are delighted to announce our admission to Aquis and the completion of the planned financing. This is an important step for the company in our goal to establish and grow IP in the quantum computing space. We look to expand our relationships with top academic researchers globally and create opportunities for collaboration," said Chief Executive Officer Michael Jones.

By Michael Hennessey, Alliance News reporter

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