StockMarketWire.com - Dev Clever detailed plans to raise £435,599 through the placing of shares at a premium in an effort to accelerate the work of its recently agreed commercial partnerships.
The company said it would place 12,811,736 shares at a price of 3.40p a share, a premium of 6.25% compared to the closing bid price per share of 3.20p, on 16 August 2019, to raise £435,599, before expenses.
The company intended to use the proceeds of the placing for general working capital and towards accelerating the exploitation of its recently agreed commercial partnerships, which the directors of the company believed would be 'instrumental in delivering revenue growth and taking the Company into cash flow positivity.' At 9:03am: [LON:DEV] share price was +0.33p at 3.68p
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.