Source - SMW
Green & Smart Holdings, a renewable energy company generating power from biogas captured through the treatment of palm oil mill effluent in Malaysia, has raised  £552,759 through a  private placement.

The group said it had  placed 6,141,772 shares at 9p apiece and 5,848,664 five year warrants (exercisable at a price of 9.25p per share).   It said the net proceeds would be used to bid for new quotas, progress with grid connection of the fully-owned Malpom plant and for working capital purposes.

It said the issue price represented a discount of 6.5% to the mid-market closing price of 9.625p on 16 June.