By Devika Patel
Knoxville, Tenn., March 20 - Velosi Ltd. said it completed a £4.42 million private placement of stock.
The company sold 3,842,000 ordinary shares at 115p per share.
Charles Stanley Securities was the agent.
Proceeds will be used to augment the company's existing working capital facilities and for business development.
Reading, England-based Velosi provides quality assurance and quality control services to oil and gas companies.
| Issuer: | Velosi Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | £4,418,300
|
| Shares: | 3,842,000
|
| Price: | 115p
|
| Warrants: | No
|
| Agent: | Charles Stanley Securities
|
| Settlement date: | March 20
|
| Stock symbol: | London: VELO
|
| Stock price: | 116.5p at close March 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
