By Devika Patel
Knoxville, Tenn., Aug. 19 - ViaLogy plc said it has raised £1.8 million in a private placement of shares.
The company sold 45 million ordinary shares at 4p per share. Each investor will receive one warrant for every share bought. Each warrant is exercisable at 5p for two years.
Proceeds will be used to provide additional working capital.
Located in Gifford, Scotland, ViaLogy is a technology company.
| Issuer: | ViaLogy plc
|
| Issue: | Ordinary shares
|
| Amount: | £1.8 million
|
| Shares: | 45 million
|
| Price: | 4p
|
| Warrants: | One per share
|
| Warrant expiration: | Two years
|
| Warrant strike price: | 5p
|
| Settlement date: | Aug. 19
|
| Stock symbol: | London: VIY
|
| Stock price: | 5.03p at close Aug. 19
|
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