LONDON (Alliance News) - Food ingredient developer Provexis PLC Thursday said it is late stage talks with a small group of investors in relation to a subscription to raise further working capital for the company.
It said it currently has non-legally binding indications of interest in the subscription to raise around GBP160,000, at a subscription price of 0.24 pence per share.
Shares in Provexis were down 13% at 0.24 pence Thursday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Provexis (PXS)