StockMarketWire.com - Minoan Group, the AIM listed travel and leisure company, has successfully placed 4,031,000 new ordinary shares of 1p each in the company at a price of 5.5p per share with an institutional investor raising £221,705 before expenses.

This will be used to provide additional working capital for the business.

In addition, and in order to satisfy certain existing commitments, Minoan has agreed to issue 2,000,000 new Ordinary Shares at a price of 7.5p per share.


At 8:08am: [LON:MIN] share price was +0.01p at 5.88p



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