Industry News

Hot Tuna raises 525,000 pounds via placement of 26.25 mln shares

Surfersvillage Global Surf News, 5 September, 2008 : - - London - Surf wear and fashion brand Hot Tuna (International) Plc. said it has raised 525,000 pounds through placement of 26.25 million shares at a price of 2 pence per share with new and existing shareholders.

The placement proceeds will allow the company to service its growing order book of surf apparel for stores in Europe, America and Australia, it added. The company said it is confident the re-branding exercise that has occurred over the last 12 months will begin to pay dividends in the U.S. for spring 2009.

www.hottunaint.com

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Industry - Surfersvillage