- Drumz said it had raised £500,000 before expenses through a discounted equity placing.

The company issued 90,909,091 at an issue price of 0.55 pence each, representing a discount of 4% on the closing price on 30 September.

Investors in the placing will also receive 1 warrant to subscribe for one share for every two placing shares, exercisable at 1.2 pence, for a period of up to 12 months from date of issue, the company said.

At 9:46am: [LON:DRUM] share price was -0.03p at 0.55p

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