12 Blog Posts
Further to the Company's announcement on 2 December 2013 detailing the Firm Placing to raise gross proceeds of £11.0 million and the Open Offer to raise up to an additional £2.1 million from new and existing investors, the Company confirms that the Open Offer is now closed in accordance with its terms.
Corac Group plc is pleased to announce that its subsidiary Corac Energy Technologies (CET) has signed a three-way agreement with an American Venture Capital green technology investment partner and a UK manufacturing partner to develop, manufacture and market commercial pressure let down expanders to generate electricity from waste energy in gas production and distribution systems.
Corac Group plc is pleased to announce that its subsidiary Hunt Graham Ltd. (HG) has received an order from the UK division of a global speciality chemical company for the design and manufacture of heat exchangers central to their manufacturing process.
Corac Group plc (AIM:CRA) is pleased to announce that it has conditionally raised funds of £11.0 million through a Firm Placing of 110,010,232 New Ordinary Shares with new and existing institutional investors, together with an Open Offer to raise up to £2.1 million, before fees and expenses, in each case through the issue of New Ordinary Shares at an Issue Price of 10 pence per New Ordinary Share.