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PuriCore bags £2.5m from open offer

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Date: Friday 22 Aug 2008

LONDON (ShareCast) - PuriCore has raised an additional £2.5m after 61% of shareholders took up the natural germ-killing product developer’s open offer.

That follows the company’s recent £6m placing at 13.25p a share, taking the total money raised to £8.4m, or £7.3m after expenses.

“We are pleased with the confidence shown by investors in PuriCore's fundraising efforts, particularly under current market conditions,” said chief executive Greg Bosch.

“Our total fundraising…enables us to continue to grow our core businesses of US Food Retail and UK Endoscopy and further strengthen the balance sheet.”

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