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0.63 (25.00%) Bid: 3.00  Offer: 4.00 Last updated 23/02/2018 18:56 PM

Tern (TERN)

Sector: Technology |

Tern Plc is an investment company specialising in Internet of Things (IoT). The Company seeks to acquire or invest in companies, which have proven technology, a commercial track record, that can be grown substantially over a three-year period to maximise shareholder value.


c£0.3m Offer

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Technology

Stark Industries £9.5m. Underwritten Offer.

STRK:LSE

Stark Technologies Ltd

Offer price

0.300p

Discount*

20.00%
* Discount to the closing mid price on 03 March 2017
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Be aware that as we work on first-come first-served basis there is a small chance you won’t get all of your requested shares.

Key Facts

Company Description

Stark Industries designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Aeronautical, maritime, and Energy generation and storage.

Use of proceeds

The Company has announced an Underwritten Offer, to raise up to approximately £3.5m at a subscription price of 0.3p per Ordinary Share, which is a discount of 20 per cent to the closing mid price on Thursday 28 September 2017.

The Company intend that the net proceeds of the Offer will be applied towards:

  • Complete plant upgrades at RHA
  • Fully funded remaining underground development at the RHA Tungsten Mine to scale up production to the mine design rate
  • Full repayment and cancellation of the D-Beta equity swap agreement
  • Full repayment and cancellation of the YA II loan agreement
  • Completion of the PEA on the Zulu Lithium Project
  • General working capital
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Recent News

Successful Fundraising of £3.5M via PrimaryBid

£3.5 Million Funding Update

Interim Results

About the company

Premier African Minerals Limited (Premier) and its subsidiary companies are engaged in the business of exploration, evaluation and development of mineral properties on the African continent. The Company's...

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About the company

www.premierafricanminerals.com

About the company

Craigmuir Chambers

PO Box 71

Road Town, Tortola, VG-1110

Virgin Islands, British