StockMarketWire.com - TMT Investments has raised $1.125m through the issue of 750,398 ordinary shares to new investors at $1.5 apiece, a discount of 12% over the closing price yesterday on 6 March.
Executive director Alexander Selegenev said: "Given the company's limited free float, we are glad to have used this opportunity to raise additional capital from a group of smaller qualified investors.
"We believe increasing liquidity in the company's shares is in the long-term interest of the company's shareholders. In addition, we have a strong pipeline of new projects, and the additional capital will be handy in supporting our continuing growth strategy."
At 2:31pm: [LON:TMT] TMT Group share price was +0.01p at 1.71p
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