Nanoco Group Plc (NNOCF)

[clearsudden]

Nanoco Group looks for £10m to fund its continued growth
15 October 2013 | 12:41pm
StockMarketWire.com - Nanoco Group (AIM: NANO) has announced its intention to raise approximately £10m from a placing via an accelerated bookbuild in order to fund the company's continued growth.

It has placed 6,369,427 new ordinary shares of 10p each at a price of 157 pence per share.

Nanoco Group's chief executive officer, Michael Edelman, said: "During the past few months we have made rapid progress with the commercialisation of our technology and with the development of our manufacturing capacity. The additional funds to be raised in this placing will assist our efforts to realise our strategy and to deliver value to our shareholders."
- See more at: http://www.stockmarketwire.com/article/4687380/Nanoco-Group-looks-for-10m-to-fund-its-continued-growth.html#sthash.IxmRPRPs.dpuf