Atome Energy did not raise as much as it wanted to in the placing and PrimaryBid offer, but the £6m will go a long way at this stage of the business. The shares start trading on Thursday 30 December.
The cash raised will be used to progress the two ammonia and hydrogen production projects in Paraguay and Iceland. There is potential additional funding from a shareholder associated with chairman Peter Levine. More funding will be required if a decision is made to move to construction of the projects.
AIM-quoted oil and gas firm President Energy (LON: PPC) and Peter Levine remain the lar...