This gives me confidence21 Jun 2017 18:53
LONDON (Alliance News) - HaloSource Inc said on Wednesday that a group of directors subscribed for shares in its placing on Tuesday, when it raised GBP1.8 million through the placing of 117.6 million shares at a price of 1.5 pence each.
Shares in HaloSource closed up 90.5% at 2.00 pence on Wednesday.
Chief Executive Officer James Thompson subscribed for 3.2 million shares. He now holds 3.7 million shares in the company, representing a 1.1% stake.
Strategic Adviser Martin Coles acquired 533,333 shares. He now has 1.3 million shares, representing a 0.4% interest in HaloSource.
Non-Executive Chairman Alan Matthews subscribed for 666,667 shares, bringing his total holding to 901,800 shares, or a 0.3% stake.
Chief Financial Officer Craig Crowell acquired 333,333 shares, and he now has 353,333 shares in HaloSource overall.
Finally, Non-Executive Director Kent Johnson subscribed for 1.1 million shares, bringing his total holding to 1.9 million shares, representing a 0.6% stake in the company.