chesh18 Dec 2020 14:10
£440,000 (before expenses) through the placing of 400,000,000 new ordinary shares of 0.1p each ('Ordinary Shares') at a price of 0.11p per Ordinary Share (the 'Placing Shares') (the 'Placing').
In addition, Brian Moritz and Dave Reeves, directors of the Company, have conditionally agreed to subscribe for 36,363,636 (£40,000) and 63,636,364 (£70,000)
IN ADDITION being the key phrase
£440 + £70 + £40 = £550