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UK: Blavod in share issue

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Blavod Extreme Spirits has issued a tranche of shares in the company.

The UK-based spirits group has issued and allotted 590,621 shares for cash at a price of GBP0.25 per share.

The move follows Blavod's agreement last month with the Headstart Group. The deal will see Headstart, when called upon by Blavod, to subscribe for new ordinary shares in the company.

Blavod chief executive Jeff Hopmayer said today (16 December): "We are delighted that Headstart has provided an innovative and flexible financing structure that meets our requirements. The additional funds will help continue the process of growing our business."


Sectors: Spirits

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