April 23, 2013 / 9:26 AM / 5 years ago

BRIEF-Phorm Corp to raise £7.15 mln via placing

LONDON, April 23 (Reuters) - Phorm Corporation Ltd : * Placing to raise £7.15 million * Conditionally placed 130,000,000 new ordinary shares at £0.04 per ordinary

share * Has raised funds through the placing of £1.95M of convertible secured loan

notes * Has decided to split the role of chairman and chief executive officer

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