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CloudTag Inc raises £580,000 to fund growth

Personal fitness monitoring device maker Cloudtag Inc (LON:CTAG) has raised £580,000 to help it bankroll rapid business growth.
Cloudtag has generated the cash by issuing 10mln shares at a price of 5.8p per share, representing a premium of 5.45% to Tuesday's mid-market closing price.
Chief executive Amit Ben-Haim said: "The focus for myself and the board is to keep a flexible approach to implementing the rapid growth I have charted while ensuring sufficient working capital is available."

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AIM:CTAG
Market: AIM
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Cloudtag Inc CEO: We can reach 70% US consumers with CITIES deal

Cloudtag Inc (LON: CTAG) Chief Executive Amit Ben-Haim tells Proactive Investors he is delighted to announce the deal with CITIES, one of the largest commercial distribution operators in North America. "From our point of view this agreement is to Cloudtag the entry needed to the largest...

on 8/8/16

2 min read