StockMarketWire.com - Renewable fuels company Velocys said it intended to £6m via a placement of new shares to strengthen its balance sheet and advance its UK waste-to-renewable jet fuel project.

New shares in the company would be issued at 10p each, representing a discount of around 5% to their closing price on Friday.

At 1:51pm: [LON:VLS] Velocys share price was -0.52p at 10.01p



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