Polemos shares surge as company completes placing

AIM-traded investment company Polemos was working to reassure markets after a jump in its share price this morning.

The firm, which focuses on opportunities in the natural resources and energy sectors, said it was in the final stages of completing a placing to raise £175,000 at a price of 0.04p per share.

“Whilst this remains conditional on receipt of the final signed placing letters, the company expects to finalise and announce this placing shortly,” the company’s board said in a statement.

Shares in Polemos were last up 33.33% at 0.06p.