Northbridge Industrial Services raises £2.5m to pay Tasman Oil Tools deferred consideration

Industrial services and rental company Northbridge Industrial Services announced a placing of two million ordinary shares on Wednesday, to raise £2.5m gross at a price of 125p per placing share with existing institutional shareholders. The AIM-traded firm confirmed the placing was not conditional on a general meeting. It said approximately £1.05m of the proceeds from the placing would be used to pay the outstanding deferred consideration due to the vendor of Tasman Oil Tools and Tasman Oil ...

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