Versarien Share Discussion Threads

[john henry] 03/11/2017 16:51

whats naughty about it Ducatiman, excellent news. The amount being raised is peanuts.

[grabster] 03/11/2017 16:51

It's a very modest little fundraise!

[john henry] 03/11/2017 16:50

guess your not ready the full RNS axotyl excellent news, equipment to scale up 10 fold. 2 of the worlds biggest consumers goods global OEMs

[superg1] 03/11/2017 16:49

The level of interest being expressed in Versarien's graphene continues at record levels. In particular, the Group is currently in advanced negotiations with two of the world's largest consumer goods groups and anticipates receipt of the first purchase order imminently. The expected collaboration with one or both of these groups will be to work together on research, development and testing of Versarien's proprietary Nanene few layer graphene nano-platelets in polymer structures.


They are flat out trying to keep up and clearly need to expand immediately to meet the demand.

This is what investors were asking for and it's starting to unfold at pace.

Looks like the interims are going to be good too.

[redchef] 03/11/2017 16:48

Versarien plc("Versarien" or the "Company")Fundraising of approximately £1.2 millionVersarien plc (AIM:VRS), the advanced materials group, is pleased to announce a fundraising of approximately £1.2 million (before expenses) by the issue and allotment by the Company of approximately 6.67 million new ordinary shares of 1p each in the Company ("New Ordinary Shares") at an issue price of 18 pence per New Ordinary Share, being a discount of 21 per cent to the closing mid-price on 2 November 2017.  The fundraising comprises an institutional placing by WH Ireland (the "Placing") in conjunction with an offer via PrimaryBid (the "Offer") (together the "Fundraising").The Company is pleased to provide private and other investors the opportunity to participate in the Fundraising by applying exclusively through the PrimaryBid.com platform under the Offer.  PrimaryBid does not charge investors any commission for this service.The Company will use the proceeds of the Fundraising to purchase capital equipment and provide working capital to enable the various existing and prospective graphene related collaborations with global OEMs to be progressed. The intended capital equipment purchases are designed to enable the Company to increase the production capacity of its proprietary Nanene few layer graphene nano-platelets by a factor of approximately ten. Highlights·     Fundraising at 18 pence per New Ordinary Share (a discount of 21 per cent to the closing mid-price per Ordinary Share on 2 November 2017) to raise an aggregate of approximately £1.2 million (before expenses).·     Net proceeds of the Fundraising will be applied towards capital equipment and working capital to progress existing and prospective collaboration agreements with global OEMs.·     The Company values its private investor base and is therefore opening the Fundraising to individual and institutional investors exclusively on PrimaryBid.com from 4.30 p.m. on 3 November 2017 to 5 p.m. on 5 November 2017. The Offer may close early if it is oversubscribed.·     Subscriptions under the Offer will be considered by the Company on a "first come, first served" basis subject to conditions.·     Any investment request over £50,000 will first require the Company's consent. No commission is charged to investors on applications to participate in the Offer made through PrimaryBid.  It is vital to note that once an application for New Ordinary Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn.For further information on PrimaryBid.com or the procedure for applications under the Offer, visit www.PrimaryBid.com or call PrimaryBid.com on [phone]. Neil Ricketts, Chief Executive Officer of Versarien, commented: "We are delighted with the support we have already received from both existing and new institutional investors for this fundraising, and, as previously, to have the opportunity to allow private shareholders to participate on the same terms as the institutions through PrimaryBid."The funds raised will allow us to invest in capital equipment to scale up production of our Nanene graphene nano platelets by a factor of approximately ten and provide working capital as we continue to sign collaboration agreements with global OEMs."

[grabster] 03/11/2017 16:48

.. The intended capital equipment purchases are designed to enable the Company to increase the production capacity of its proprietary Nanene few layer graphene nano-platelets by a factor of approximately ten ...


Nice!

[axotyl] 03/11/2017 16:43

Interesting news, and subtle timing....looks like we've got to fork out again....

[shavian] 03/11/2017 16:37

Or Eddie the Eagle!

[mikeod] 03/11/2017 16:30

Gary Player, I thought it was!?

[tini5] 03/11/2017 16:28

Great to see it blue after this morning's retrace.

[freddievas] 03/11/2017 16:23

It wasn't a pop star Superg, it was Arnold Palmer. Someone commented how lucky he had been to chip in from outside the green , and his immortal words in reply were "yeh, it's funny. The more I practice the luckier I get".

[the stigologist] 03/11/2017 16:17

wow what a reversal day !!!

[superg1] 03/11/2017 16:16

He wouldn't do that Shavian.

EG Did IAI ever appear on here or twitter?


Keep clam and carry on folks.

[shavian] 03/11/2017 16:09

This is just Neill liking the message on the retweet, which is about somebody else making the point that Steve Jobs changed the world through his persistence and original thinking. If Neill's ambition and resilience takes us all with him down the same road, we'll all have reasons to be very happy.

Oh, Neill, if I'm wrong and you DO have some deal going with Tim Cook, please don't shout about it, even on a retweet. AAPL Is ruthless with suppliers who boast about their connections with the company - look what happened to Imagination Technologies!

[tim3416] 03/11/2017 16:02

It's Neill...;-)

[the stigologist] 03/11/2017 16:01

It's Steve Jobs ?

[tini5] 03/11/2017 15:50

Maybe it's just in reference to Apple on course to be the first trillion dollar company?

Although would obviously much prefer it if it was an allusion to a potential Apple deal for graphene lol

[tim3416] 03/11/2017 15:50

Nah...can't be...can it??

[the stigologist] 03/11/2017 15:42

Yes. Will get tongues wagging no doubt.