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Directors of Minoan plc have announced the successful placing of ordinary shares arranged by Peterhouse Capital ltd.
31,818,183 shares of 1p each will be issued at 1.1p per share, raising £350,000.
In order to settle liabilities, an additional 9,054,546 will be issued, presenting a value of £99,600.
An application has been made for a total of 40,872,729 new shares to be admitted to trading on AIM.
The company expects admittance to be effective from 4 August 2021.