Property investor Eatonfield Group has raised £100,000 from a share placing but this cash will barely last until the end of March.
The shares were issued at their par value of 1p. This cash is part the £250,000 investment announced last month.
Eatonfield wants to raise up to £1m and there is interest in the share issue.
At 1.55p a share, up 0.1p on the day, Eatonfield is valued at £3.6m. The net asset value was £12.4m prior to the raising of £6.9m at 5p a share last year and this latest cash call.
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