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Kalkine Media ASX Share Market News & Research

Infrastrata Plc announces equity placement and purchase of assets

November 11, 2019 12:29 PM GMT | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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Why Is Avation (LSE:AVAP) In Focus on the FTSE All-Share?

  • The company seeks to raise a minimum of £6 million through new shares by book building mechanism at 0.3 pence per share
  • The funds raised will be utilized for acquiring assets of Harland and Wolff
  • The company will also utilize the second tranche of debt facility provided by Riverfront Global Opportunities PCC Ltd and YA II PN Ltd of approximately £500,000
  • On 11th November 2019, INFA shares were trading at GBX 0.30 at GMT 9:57 AM, down 0.04 point or 11.03% from the previous day’s closing price level.

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