Inspirit Energy has raised £300,000 at 0.12p a share.
That is much lower than the market price at the time of 0.22p a share. A £31,000 debt has been converted into shares at the pacing price.
The micro combined heat and power boiler developer has created a smaller prototype of its Stirling engine technology. The cash will be used to develop the new 6.4kW boiler and gain accreditations, as well as to cover working capital requirements.
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