LONDON (Thomson Financial) - Immersion Technologies International Plc. said
it has raised gross proceeds of 175,000 pounds through a placing of 17.5 million
shares at a price of 1 pence each with certain investors.
After this placing, participants have also been granted one warrant to
subscribe for an additional share in the company for every two new shares
subscribed in the placing.
These warrants are exercisable at 1.5 pence per share for a period of five
years from the date of admission of the placing shares to trading on AIM, the
company added.
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