Starcom raises £150,000 for additional working capital

Technology company Starcom has raised £150,000, before expenses, after a conditional placing of 5m new shares at 3p each. It said proceeds would provide additional working capital.

"Since the placing announced on 21 October 2016, trading has been in line with the Board's expectations," Starcom said in a statement.

The company specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people.