News blog
Proton Power Systems
- BY: Andrew Hore |
- POSTED: 06/10/2008 |
Proton Power Systems is raising a further £60,000 at 10p a share.
This is on top of the £2m at 10p a share that has already been announced. The latest share issue is dependent on the fuel cell company getting shareholder approval to issue more shares.
Turquoise Capital, a company in which Proton non-executive director Ali Naini is a director and majority shareholder, is subscribing for the new shares. This will take Ali Naini’s stake in Proton to 2.09%.
Proton shares dipped 0.25p to 9p.
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