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2ergo raises £3m through share placement

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By The Drum Team, Editorial

February 24, 2011 | 1 min read

Mobile technology and marketing consultancy 2ergo Group has announced that it has raised £3 million through a share placing.

The AIM firm has placed 2.38 million new shares at 126p per share and has said that its net proceeds would provide it with addition working capital as it aims to grow.

Neale Graham, joint chief executive of 2ergo, commented: "We are delighted that both existing and new shareholders are supporting our growth strategy. It is fantastic to be in a position to bring forward development to maximise on opportunities that have presented themselves sooner than anticipated.”

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