Valereum PLC (AQSE:VLRM) has announced it is raising £600,000 through a share subscription, priced at 5p per share, representing a 33.3% premium to Valereum's closing price on Thursday.
It includes £225,000 investments each from executive chair James Bannon and chief executive Gary Cottle, alongside £150,000 from an unconnected party.
"I've invested a total now of over £4M of my own money into this company with the additional £225K at a premium," said Bannon.
"This isn't about optics ~ it's about belief."
Cottle added, "Our decision to commit further personal capital at a large premium demonstrates our strong conviction in Valereum's future."