The media group raised the funds through the placing of 4mln new shares at a price of 10p each, a 20% discount to its closing price on Thursday.
The company also said it has agreed to amend a £500,000 loan provided by its executive chairman, David Ciclitira, through which £205,000 of the loan will be converted into shares at the placing price. Following the conversion, £295,000 of the loan will remain outstanding.
"The placing puts us in a strong position to emerge from lockdown on the front foot and to continue with our growth strategy”, Ciclitira said.
“With zoos now able to open in the UK – including those where we have our assets installed or soon to be installed. Our first Zoo in the US – JB Zoo has experienced reRead More – Source