By Sheri Kasprzak
New York, March 13 - Real Affinity plc said it has settled a private placement for £1.2 million.
The company sold 960 million shares at 0.125p each to institutional and other investors.
Following the placement, Real Affinity has 1,621,853,053 outstanding common shares.
Proceeds will be used for the investment in additional resources for new business and for working capital.
HB Corporate, a division of Hoodless Brennan plc, was the placement agent.
Based in Bradford, England, Real Affinity is a communications and marketing company.
| Issuer: | Real Affinity plc
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| Issue: | Stock
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| Amount: | £1.2 million
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| Shares: | 960 million shares
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| Price: | 0.125p
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| Warrants: | No
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| Placement agent: | HC Corporate
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| Settlement date: | March 13
|
| Stock symbol: | London: RAF
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| Stock price: | 0.22p at close March 10
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