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Broker Zeus Capital has been given an option that allows for up to 40.0 million

additional new shares to be issued.

“The placing, combined with our existing funds, provides the team with more than GBP27 million to invest in a significant pipeline of identified opportunities. The proposed all share acquisition of MXC Holdings simplifies our structure and aligns the interests of all our shareholders,” Chairman Peter Rigg said.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.