Mirada raises £1 million

11.30 Europe/London, December 16, 2011 By Julian Clover

Mirada plc has reached agreement with some of its creditors, which combined with a new equity placing gives the AIM-quoted UI and app developer a total £1,066,794 (€1,270,460).
The company said the transaction would help strengthen its balance sheet. Net funds from the process will be used for working capital and ongoing product development.
Richard Alden (non-executive chairman) and Francis Coles (non-executive director), and CEO José Luis Vázquez all agreed to participate in the transaction.