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Vela Technologies PLC announces issue of equity

Tuesday, 25 Mar 2014 01:56pm EDT 

Vela Technologies PLC:Agrees equity subscription with Gilbert Eliott Holdings Ltd. for 65,000,000 new ordinary shares of 0.001 pounds each in the capital of the company at a price of 0.005 pounds per share.Raising gross proceeds of 325,000 pounds subject to receipt of funds.On completion of the subscription, Gilbert Eliott Holdings Ltd. will be interested in 65,000,000 ordinary shares representing about 29.27 pct of issued ordinary share capital. 

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