Ultimate Finance Group PLC, which provides cash flow funding for small to medium-sized businesses, said it will raise around Ј495,000 through a placing of 3,473,646 new shares at 15 pence each.
The funds will be used for the development of its factoring and invoice discounting business.
Ultimate's broker is WH Ireland Ltd and its nominated adviser is Dawnay Day Corporate Finance Ltd.
To find out more about Ultimate Finance go to www.ultimatefinance.net
Source: AFX UK
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