Fishing retailer raises £1.3m in share placing

Fishing tackle retailer Fishing Republic has raised £1.3m through a placing of 13m new ordinary shares of 1p each at a price of 10p per placing share.

The placing was offered to new and existing shareholders, including directors. The Rotherham-based firm said that net proceeds will be used to further advance and develop the company's e-commerce operations, logistics and merchandising activities following the recent review of operations.

It will also be used to provide additional ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...