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Iofina's Tom Becker discusses £7.5mln raise to fast-track development of new plant

Iofina PLC's (LON:IOF) Tom Becker discusses with Proactive London some of the detail around their £7.5mln fundraise.

The funds raised will go towards paying off debt and expediting construction of a new production facility, while some cash has been earmarked for investment in new product development at Iofina Chemical.

Quick facts: Iofina PLC

Price: 13.5 GBX

LSE:IOF
Market: LSE
Market Cap: £25.9 m
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Iofina is 'on track and well funded' after reducing debt and staying...

Iofina PLC's (LON:IOF) Tom Becker talks to Proactive London about their production projections which remain 'on track'. Becker explains that the debt refinanced last month 'significantly reduced', meaning they are now a 'bankable business'. He explains that Iodine prices are still...

on 23/10/20

2 min read