Source - SMW
Anglo African Agriculture has raised £475,000, gross, after  successfully completing a placing of 70,895,521 new ordinary shares at 0.67p apiece.

The proceeds will be used to satisfy the company's creditors and provide the necessary working capital to grow its fully owned food manufacturing and marketing business, Dynamic Intertrade (Pty) Limited. 

Additionally, the company is pleased to announce the appointment, with immediate effect, of David Lenigas as the new non-executive chairman of the company and that Neil Herbert has stepped down from the board with immediate effect.

At 2:42pm: (LON:AAAP) Anglo African Agriculture Plc Ord 0.1p share price was +0.1p at 0.75p