Delorean Corporation Raises $1.63m to underpin further growth
- Delorean Corporation (DEL) raises $1.63 million from its share purchase plan (SPP) to underpin future growth
- A total of 9.57 million new shares will be issued at the same price as the placement of 17 cents
- The SPP was originally designed to raise $2 million, but the company said it has no intention to place any further shares
- The funds will be directed towards a number of activities, including cash back performance bonds for engineer procure and construct contracts
- Shares are trading flat today 16.5 cents each
