IN BRIEF: Online Blockchain Raises GBP400,000 Crypto Development

Mon, 21st Dec 2020 17:18

Online Blockchain PLC - holds 18% stake in investor website operator ADVFN PLC and incubates developers of blockchains and cryptocurrencies - Raises GBP400,000 on Friday via placing of 1.8 million shares at 22 pence through ETX Capital. Cash will be used for continued development and upcoming launches of existing crypto and blockchain-based products. Every two placing shares come with one warrant to buy a share at 32p for the next two years.

Current stock price: 23.60p, up 4.9% on Monday, for GBP2.0 million market capitalisation

Year-to-date change: up 75%

By Tom Waite; thomaslwaite@alliancenews.com

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