News blog

Mirada

• BY: Andrew Hore |
• POSTED: 24/02/2013 |

Interactive TV content software provider Mirada has raised just over £1m from a placing at 10p a share and capitalised creditors and loan notes worth £465,000.

The £185,000 of creditors were capitalised at the placing price and the conversion price for the £270,000 of convertible loan notes was also 10p a share. There are outstanding loan notes of £1.15m and the minimum conversion price will be 10p a share.

Non-executive chairman Richard Alden and non-executive director Francis Coles are each capitalising money owed to them.

Baring Iberia II Inversion En Capital increased its stake to 17% through the placing.

At 11.75p a share, Mirada is valued at £4.17m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2013_41.pdf