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Haydale confirms funding talks with institutions

Published: 03:33 20 Feb 2019 EST

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Cookware coatings are one of Haydale's products

Haydale Graphene Industries PLC (LON:HAYD) has confirmed it is talking to institutions about a funding round at well below last night’s closing price.

The funding would also include an open offer to existing shareholders said the composite materials specialist.

Haydale raised £1mln in December through a through a £750,000 loan from the Development Bank of Wales and a £250,000 share subscription.

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