News Column

SerVision Confirms Private Investor Subscription, Raising GBP68,268

September 4, 2014

Steve McGrath

LONDON (Alliance News) - SerVision PLC Thursday said it had raised GBP68,628 from two private investors who subscribed for 1.3 million new shares at 5.2 pence a share, money it will use for general working capital.

It didn't name the investors.

The confirmed subscription comes after SerVision on Monday issued 750,000 new shares at 5.2 pence each to YA Global Master SPV Ltd and Yorkville Advisors Global LP, a designee of YA Global, in the place of GBP39,000 of outstanding fees payable to YA Global.

At that time, it had said it expected to also complete a share subscription with the two private investors.

SerVision shares were down 5.6% to 3.07 pence early Thursday.

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Source: Alliance News

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