Mirriad Advertising PLC - London-based provider of in-content advertising technology - Conditionally raises gross proceeds of £6.1 million through the successful placing by Allenby Capital Ltd and Baden Hill of 489.6 million ordinary shares at 1.25 pence each. Should a directors’ subscription proceed as intended, it will have raised gross proceeds of £6.3 million.

Concurrent with the placing, announces a retail offer to existing shareholders via REX for up to 44.0 million new shares to raise up to an additional £550,000.

Current stock price: 1.30 pence, down 40% in London on Friday, with market cap of £6.4 million

12-month change: down 77%

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