Mortgage Chat PLC on Friday said that it has entered an agreement with Accru Finance Ltd for software development.
Mortgage chat is a technology company developing artificial intelligence products for the mortgage sector. Shares in the firm were last traded at 0.05 pence each on Aquis on Thursday.
Accru will be paid £15,000, and granted 200,000 warrants to subscribe for new ordinary shares. The warrants have an exercise price of 5p per share, and are exercisable for a period of 5 years from the date of issue.
According to the agreement, Accru will design and develop a web-based application capable of answering specific mortgage-related queries and will also undertake the development of a responsive website dedicated to the company’s automated query resolution service.
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