By Sheri Kasprzak
New York, Nov. 29 - YooMedia plc said it concluded a private placement for £3 million.
The company sold 42,857,143 shares at 7p each to new and existing institutional investors in the United States and the United Kingdom.
Proceeds will be used for working capital and for growth of the company's core business of developing interactive content via television, the internet, telephony and mobile phones.
YooMedia is based in London.
| Issuer: | YooMedia plc
|
| Issue: | Stock
|
| Amount: | £3 million
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| Shares: | 42,857,143
|
| Price: | 7p
|
| Warrants: | No
|
| Settlement date: | Nov. 29
|
| Stock price: | 6.85p at close Nov. 29
|
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