CTAG Cloudtag

TIDMCTAG

RNS Number : 9708K

CloudTag Inc.

27 September 2016

27 September 2016

CloudTag Inc.

("CloudTag" or the "Company")

Fundraise of GBP550,000 & Exercise of Warrants

CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets, announces that, following the announcement at 7am on the 27 September 2016 the subscription has now been subscribed for in full, raising GBP550,000 through the issue of 3,548,388 new ordinary shares ("Shares") at a price of 15.50 pence per Share ("the Subscription"). There are no commissions or expenses payable in relation to the Subscription and the proceeds of the Subscription will be used for general working capital purposes.

In addition, the Company has received from an existing investor, a notice to exercise warrants ("Warrants") over 1,000,000 new ordinary shares at an exercise price of 8.0 pence per Ordinary Share raising a further GBP80,000 for the Company. Such warrants were issued in relation to a fundraising as announced by the Company on the 31 March 2014.

Application will be made for the admission for the 4,548,388 Shares to trading on AIM and it is expected that dealings in the Shares will commence on or around 3 October 2016. The Shares will rank equally in all respects with the Company's existing ordinary shares.

Following the issue of the Shares, the total number of ordinary shares in issue is 366,427,540. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Enquiries

 
 CloudTag Inc.                       +1 345 949 45 44 
  Daniel Fry                          contact@cloudtag.com 
 Cairn Financial Advisers LLP 
  (Nominated Adviser) 
  Tony Rawlinson / Jo Turner /       +44 (0) 20 7148 
  Rebecca Anderson                    7900 
 Tavistock Communications Limited 
  (Financial PR)                     +44 (0) 20 7920 
  Mike Bartlett / Andrew Dunn         3150 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 27, 2016 08:01 ET (12:01 GMT)

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