StockMarketWire.com - Inqo Investments said it had raised proceeds of about £0.2m through the placing of shares to fund a range of identified opportunities across healthcare, education and eco-tourism sectors in Africa.

The company raised gross proceeds of £225,000 through the placing of 250,000 shares at a price of 90p a share, representing approximately 1.7% of the company's outstanding shares.

The comes after the company announced a placing of £1.0m on 28 February 2019, the second of two tranches, with the first tranche of £1.23m placed with the same investors on the same terms as the first tranche that took place 12 months ago.

The net proceeds of the placing would be used to execute on a range of additional opportunities the company had identified in the healthcare, education and eco-tourism sectors in Africa.

Inqo invested in businesses that are two to three years from profitability that have a direct social impact on the poor.




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