StockMarketWire.com - Haydale Graphene Industries said it was sounding out investors about conducting an equity raising.
The placing was expected to be carried out at a 'material' discount to the closing price of the company's shares on Tuesday, it added.
'Discussions with potential investors remain ongoing and a detailed announcement will be made in due course,' Haydale Graphene said.
The company said it made the announcement amid speculation that a raising was imminent.
At 2:13pm: [LON:HAYD] Haydale Graphene Industries Plc share price was -10.75p at 12.25p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.