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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Peel Hunt
Provider: Peel Hunt

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Toumaz Ltd Announces Placing Of Shares To Raise GBP17.7 Million

Thursday, 7 Nov 2013 02:00am EST 

Toumaz Ltd announced that it has raised GBP17.7 million before expenses through the conditional placing (Placing) of 442,500,000 new Ordinary Shares (the Placing Shares) at a placing price of GBP0.04 per share. The Placing Shares have been placed and underwritten by Peel Hunt LLP (Peel Hunt) with both new and existing institutional and other investors. The gross proceeds of the placing of GBP17.7m will be used to support commercialisation of the three key chip development programmes and development of the sales and marketing infrastructure for SensiumVitals. Details of the specific use of funds are set out below (figures are approximate). 

Company Quote

-0.25 -3.45%
19 Aug 2014