Versarien raises over $700,000 to purchase of concrete and mortar testing equipment
Versarien has announced it has raised £550,000 before expenses (over USD$700,000) by way of a placing new ordinary shares.
The net proceeds will be used for the purchase of concrete and mortar testing equipment to support the ongoing CementeneTM admixture developments for BS934 accreditation, and for use in testing new mortars and products developed using the Company's 3D construction printing capability, in addition to general corporate and working capital purposes.