leadf
logo-loader
viewCambria Africa PLC

Cambria Africa completes equity funding

sterling350_531f0a87c45fb.jpg

Cambria Africa (LON:CMB) has now completed its equity funding, raising a further £330,000 in the second close.

In this second phase the company is issuing an additional 4.4mln new shares.

Cambria last week raised £2.10 million from the first close, with the issue of 28 million shares priced at 7.5p each to new and existing institutional investors.

The cash has been earmarked to provide working capital to support the expansion of the Millchem and Payserv Africa businesses.

Cambria’s strategy, in a nut-shell, has been to transform the business from a portfolio of multiple investments operating in a single country into having select investments operating regionally.

The company is now almost entirely focussed on expanding the Millchem chemical distribution business and the payment processor Payserv.

Quick facts: Cambria Africa PLC

Price: 0.3 GBX

AIM:CMB
Market: AIM
Market Cap: £1.63 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Swift Media CEO says big opportunities in aged care will drive its future growth

Swift Media Ltd's (ASX:SW1) chief executive Pippa Leary tells Proactive's Andrew Scott they're a specialist technology firm supplying entertainment and communication systems that connect and engage isolated communities. ''We do a lot of work with residential aged care but more recently we've...

9 hours, 33 minutes ago

2 min read