News blog

TurfTrax

  • BY: Andrew Hore |
  • POSTED: 13/03/2009 |

TurfTrax has raised cash to turn itself into an investment company and reappointed its nominated adviser.

The shares remain suspended at 0.4p each, which values TurfTrax at 180,000. The suspension happened when Dowgate resigned as nominated adviser on 16 February 2009. The suspension will continue until a circular is sent to shareholders to convene an EGM.

The EGM will propose a new investing strategy, agree the disposal of the remaining horse racing-related trading activities and arrange a capital reorganisation in order to enable the proposed share placing.

The placing will raise 120,000 and TurfTrax is also securing a loan facility of up to 250,000.

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds