By Sheri Kasprzak
New York, May 8 - FFastFill plc has received commitments from institutional and other investors for a £1,400,070 private placement.
The deal includes up to 46,669,000 shares at 3p each.
The offering represents 19.2% of the company's issued share capital.
Directors of the company intend to purchase 5,249,000 of the shares from the deal.
KBC Peel Hunt is the placement agent.
The proceeds will be used for working capital.
London-based FFastFill is an online trading company.
| Issuer: | FFastFill plc
|
| Issue: | Stock
|
| Amount: | £1,400,070
|
| Shares: | 46,669,000
|
| Price: | 3p
|
| Warrants: | No
|
| Placement agent: | KBC Peel Hunt
|
| Announcement date: | May 8
|
| Stock symbol: | London: FFA
|
| Stock price: | 3.75p at close May 5
|
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