. It now seems likely that negotiations with one or more party will open.
Tanfield has also disclosed that when it reports its 2012 results next month, it will show a 拢15.5m operating loss on turnover of approximately 拢45m.
However, the company is 拢2.1m better off after a share placing. A total of 10.5m new ordinary shares of 5p were placed with institutional investors at a price of 20p per share.
The net proceeds of the placing will be used for general working capital.聽 Together with a recently agreed debt facility, this will allow the company to respond to market opportunities in the 2013 buying season, it said.
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