By Devika Patel
Knoxville, Tenn., Feb. 11 - ESV Group plc said it has raised £1.57 million in a private placement of shares.
The company sold 156.52 million ordinary shares at 1p per share.
Proceeds will be used to pursue the company's growth opportunities in biofuel-related crop farming.
London-based ESV was established as a logistics and trading company and is repositioning itself as a provider of raw vegetable oil for supply to the emerging European bio-diesel industry.
| Issuer: | ESV Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,565,200
|
| Shares: | 156.52 million
|
| Price: | 1p
|
| Warrants: | No
|
| Settlement date: | Feb. 11
|
| Stock symbol: | PLUS: ESV
|
| Stock price: | 3p at close Feb. 8
|
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