Rockpool Acquisitions to receive investment injection from Nevada-based group
StockMarketWire.com - Rockpool Acquisitions said a Nevada-based private investment group had agreed to invest £1.6m in the company.
The investment would come via a mixture of shares, issued at 12p each, and convertible loan notes.
The investors would nominate three directors to the board of the company and Neil Adair, currently a non-executive director, would stand down.
'The proposed substantial investment into the company is an exciting step forward and allows the company to fulfil its mandate to provide additional working and growth capital to a growing Northern Ireland-based company,' executive chairman Richard Beresford said.
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