Argentex Group Plc (GB:AGFX) has released an update.
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Argentex Group PLC, a provider of currency management and payment solutions, has announced a fundraising initiative through the issuance of up to 11,320,754 new ordinary shares at 45 pence each, equivalent to the closing price on the day before the announcement. The funds raised will be used to accelerate the development of the company’s Alternative Banking Platform. The fundraising includes a placement of new ordinary shares and a separate retail offer, both at the placement price, and is expected to represent 10% of the existing issued share capital post-issuance.
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