Published on 1/16/2009 in the Prospect News PIPE Daily.
New Issue: Northacre gets £1.2 million from private placement of stock
By Devika Patel
Knoxville, Tenn., Jan. 16 - Northacre plc said it raised £1.2 million in a private placement of shares.
The company sold 4.01 million ordinary shares at 30p per share to an investment vehicle owned by Mohamed Abdulsalam AlRafi.
Northacre is a London-based company acting as property developer, development manager, architect and interior designer for residential property schemes.
| Issuer: | Northacre plc
|
| Issue: | Ordinary shares
|
| Amount: | £1,203,000
|
| Shares: | 4.01 million
|
| Price: | 30p
|
| Warrants: | No
|
| Investor: | Mohamed Abdulsalam AlRafi
|
| Settlement date: | Jan. 16
|
| Stock symbol: | London: NTA
|
| Stock price: | 18p at close Jan. 16
|
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