Pires Investments announces issue of equity

Pires Investments says broker Peterhouse Corporate Finance Ltd has raised £150,000, gross of expenses, for the company, through the issue of 5m new shares shares at a placing price of 3p each.

The placing price represents the closing price per ordinary share at the close of business on 25 November 2016, being the latest business day prior to this announcement.

The Proceeds of the Placing are to be used to provide the Company with additional funds for working capital and investments.