Jun. 10 at 7:18 PM
$AFGYF Announces proposed fundraising via placing of shares and direct subscription with certain directors to raise approximately GBP13.5 million at a price per share of 15 pence. Also announces a proposed financing on the "REX" platform to existing retail investors at the issue price to raise up to GBP2.0 million. No part of the fundraising is being underwritten.
The company intends to use the proceeds to invest in the launch of the first orders from Speedy Hydrogen Solutions and, once awarded, from TAMGO.