yes over 19 billion shares20 Aug 2015 12:55
The Company is pleased to report that its broker, Peterhouse, has conditionally placed 19,402,916,660 new Ordinary Shares with new and existing investors at a placing price of 0.012p pence per Ordinary Share to raise approximately £2.3 million for the Company (approximately £2 million after expenses).
The Company became an investing company under AIM Rules in August 2012 to invest in the resource and energy sectors. However, since then these sectors have not generally performed well and the Company has been unable to identify investment opportunities which the Board considers would be in the interests of Shareholders.
The Board has therefore considered a number of alternative strategies, including the possibility of winding the Company up and returning cash to Shareholders.