By Devika Patel
Knoxville, Tenn., July 31 - 3DM Worldwide plc announced that it will raise £2.8 million through a private placement of stock.
3DM has agreed to issue a total of 57,377,049 shares at 4.88p each.
The placement is conditional upon shareholder approval at an extraordinary general meeting, scheduled for Aug. 23.
Proceeds will be used to repay outstanding debt.
3DM is a London-based developer of plastic powder impression moulding systems.
| Issuer: | 3DM Worldwide plc
|
| Issue: | Stock
|
| Amount: | £2.8 million
|
| Shares: | 57,377,049
|
| Price: | 4.88p
|
| Warrants: | No
|
| Pricing date: | July 31
|
| Stock symbol: | London: TDM
|
| Stock price: | 5.14p at close July 30
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
