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Latest Satellite News Discussion, Mirada raises 1 million at General Satellite News forum; Mirada raises 1 million 11.30 Europe/London, December 16, 2011 By Julian Clover Mirada plc has reached agreement with some of ...

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Mirada raises 1 million - 16-December-2011, 20:40

Mirada raises 1 million

11.30 Europe/London, December 16, 2011 By Julian Clover





Mirada plc has reached agreement with some of its creditors, which combined with a new equity placing gives the AIM-quoted UI and app developer a total 1,066,794 (1,270,460).
The company said the transaction would help strengthen its balance sheet. Net funds from the process will be used for working capital and ongoing product development.
Richard Alden (non-executive chairman) and Francis Coles (non-executive director), and CEO Jos Luis Vzquez all agreed to participate in the transaction.


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