Versarien is pleased to announce a fundraising of approximately ￡1 million by the issue and allotment of approximately 6.67 million new ordinary shares of 1pence each at an issue price of 15 pence per New Ordinary Share. The fundraising comprises an institutional placing by WH Ireland in conjunction with an offer via PrimaryBid which will enable private and other investors the opportunity to participate.The proceeds will be used to purchase capital equipment for the graphene businesses and for working capital.
Versarien Technologies Ltd. which owns the exclusive rights to a patent-protected additive process for creating advanced micro-porous metals targeting the thermal management industry and manufactures extruded aluminium heat sinks for the electronics and computing industries. www.versarien-technologies.co.uk
Total Carbide Ltd, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com .
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com
ACC Cyroma Ltd, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products. www.aaccyroma.co.uk
Cambridge Graphene Ltd, which supplies novel inks based on graphene and related materials, using patented processes and develops graphene materials technology for licensing to manufacturers. www.cambridgegraphene.com
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