RE: Shares in issue17 Jun 2025 10:24
RNS 16th May.
the Company has conditionally raised gross proceeds of approximately £2.0 million (the "Fundraise") through the proposed issue of 1,538,461,529 new ordinary shares of £0.001 each in the Company (the "Fundraise Shares") with certain existing and new institutional and other investors at the Issue Price of 0.13 pence per Fundraise Share.
Admission and Total Voting Rights
Application will be made for the 3,612,840,057 Fundraise Shares and Consideration Shares, as defined in the Fundraise Launch Announcement
Following Admission, the Company's enlarged issued ordinary share capital will comprise 5,908,770,690 ordinary shares.
'New' Stock of 1,538,461,529 X 0.13p ( the placing price ) = £2,000,000 ( the amount raised )
So the placing has already churned over 1.25 times comparing the new stock issued vs stock turnover since the date of issue.
As it becomes tighter it will react upwards to the next positive news flow.