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Fundraise of £60,000

Tue, 5th Apr 2016 18:01

RNS Number : 2675U
CloudTag Inc.
05 April 2016

5 April 2016

CloudTag Inc.

('CloudTag' or 'the Company')

Fundraise of £60,000

CloudTag (CTAG:LN), the company that brings personal monitoring to the health, wellbeing and fitness markets, announces that it has raised a further £60,000 through the issue of 1,875,000 new ordinary shares ("Shares") at a price of 3.2 pence per share. The Company has also issued 3,750,000 new ordinary shares at a price of 3.2 pence per share in settlement of fees totaling £120,000 due to third party consultants ("Fee Shares").

Application will be made for the admission of the Shares and Fee Shares to trading on AIM and it is expected that dealings in the Shares will commence on or around 11 April 2016. The Shares will rank pari passu with the Company's existing ordinary shares.

Following the issue of the Shares, the tota-l number of ordinary shares in issue is 269,891,964. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.



CloudTag Inc.

Amit Ben-Haim / Jamie Bligh

+1 345 949 45 44


Cairn Financial Advisers LLP (Nominated Adviser)

Tony Rawlinson

+44 (0) 20 7148 7900

Whitman Howard Limited (Broker)

Ranald McGregor-Smith

+44 (0) 20 7659 1234

Tavistock Communications Limited (Financial PR)

Mike Bartlett / Andrew Dunn

+44 (0) 20 7920 3150

This information is provided by RNS
The company news service from the London Stock Exchange
Date   Source Headline
3rd Jan 20177:00 amRNSFurther re Tranche 2 Notes
22nd Dec 20163:17 pmRNSClarification in respect of L1 warrant pricing
16th Dec 20167:30 amRNSRestoration - Cloudtag Inc
15th Dec 20165:37 pmRNSUpdate and Restoration of Trading
12th Dec 20161:26 pmRNSResult of EGM

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