FastForward Innovations Ltd - Guernsey-based closed-ended investment company - Raises GBP2 million through the placing of 23.5 million shares at 8.5 pence each. Issues further 70,588 shares at the same price to settle adviser fees. Says proceeds from the placing will be used to fund a number of opportunities in line with its investment strategy of exposing investors to disruptive growth opportunities, in particular medical cannabis, that have near-term re-rating potential and would otherwise be inaccessible.
Current stock price: 8.85 pence
Year-to-date change: up 9.3%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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