Source - Alliance News

Atome Energy PLC on Wednesday said it has raised GP550,000 through a placing of 517,891 shares.

Atome Energy is a Leeds, England-based producer and marketer of green hydrogen and ammonia.

The placing shares were priced at 106.2 pence each.

Atome shares were down 4.2% to 104.00 pence each in London on Wednesday morning.

The company also said that it has raised £490,000 via a PrimaryBid offer, through the issue of 460,298 shares at the placing price.

On Monday, Atome noted that it is issuing 2.5 million new shares pursuant to the placing. In total, therefore, the company is issuing 3.5 million new shares, raising around £3.7 million.

The company said it plans to use the funds to provide itself with further funding to expedite its growth including the green hydrogen and ammonia Villeta project in Paraguay, as well as general working capital purposes.

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