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Structural Monitoring Systems PLC (SMN.AX)

SMN.AX on Australia Stock Exchange

28 Apr 2017
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Structural Monitoring Systems raises $3.700 mln through placement
Sunday, 7 Feb 2016 05:27pm EST 

Structural Monitoring Systems:Placement to prominent Australian funds management group.Says raised $3.700 million through the placement of 2.6 million shares at $1.40 cents per share.Placement was granted primarily to a highly regarded and prominent Australian funds management institution which has exhibited an enviable, multi-year investment track record managing capital well in excess of $1 billion dedicated to Australian and international listed shares.New York-based hedge fund, Drake Private Investments, the Company’s largest individual shareholder also participated in the Placement.  Full Article

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