New Placing of £3M @ 4p , C Akers taking 5M10 Mar 2021 08:39
The Company is pleased to announce that it has conditionally raised gross
proceeds of £3,000,000 (3 million) through the placing of 75,000,000 Ordinary
Shares of 0.1p each, at a price of 4p per share (the "Placing"). The Placing
was oversubscribed and includes new and existing investors, including
entrepreneur Chris Akers, who has subscribed for a further 5,000,000 shares at
the placing price so that his aggregate holding will be 13,839,286 shares,
representing 8.1% of the Company's issued share capital, on completion of the
Placing.