IN BRIEF: Iconic Labs Raises Funds And Secures GBP1 Million Loan

Fri, 13th Nov 2020 16:41

Iconic Labs PLC - media company - Raises GBP747,793 from placing of 6.23 billion shares at GBP0.00012 each. Also enters into debt facility with Shard Merchant Capital Ltd. "The Facility is to be secured and is for an aggregate amount of up to GBP1 million, with an initial drawdown of GBP500,000 from SMC," Iconic Labs said.

Current stock price: 0.014, down 13% on Friday

Year-to-date change: down 80%

By Eric Cunha; ericcunha@alliancenews.com

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