News blog

Falanx Group Ltd

• BY: Andrew Hore |
• POSTED: 19/09/2013 |

Security and risk management consultancy Falanx Group Ltd has raised £225,000 at 12p a share.

The additional cash will pay for due diligence on potential acquisitions and finance the working capital of the existing business. Every two placing shares come with a warrant to buy an additional share at 18p over a period of up to three years.

Simon Vaughan will own 4.78% of Falanx.

At 12.25p a share, Falanx is valued at £4.82m.  Falanx raised £496,000 at 12p a share when it joined Aim on 20 June.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFSeptember2013_48.pdf