StockMarketWire.com - Primorus Investments said it currently saw no need to raise capital in the short or medium term, and that it had experienced a 'successful' second quarter.
The company said the IPO market for growth companies in London was still very weak.
However, it added that it could still generate profitable investment exits and had recently agreed pricing regarding the potential sale of its A$500k Series B Zuuse loan note.
The sale, subject to final agreement and execution, would result in a significant gain above investment price, Primorus Investments said.
'Once again, share price aside, it has been another successful quarter for the company and we hope to sustain any future share price rises as further exits and portfolio growth become more compelling to existing and new investors,' it added.
'We currently see no short to medium term requirement to raise capital thereby reducing the risk of any potential dilution to existing shareholders.'
At 1:34pm: [LON:PRIM] Primorus Investments Plc share price was +0.01p at 0.11p
Story provided by StockMarketWire.com
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