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FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to note that Portage Biotech Inc. ( Portage ) has today announced its 2021 research and development goals , including advancing three of its pipeline assets through clinical trials during the upcoming year. Portage also announced that it has received approval from the NASDAQ Capital Market ( NASDAQ ) to list its common shares on the NASDAQ exchange, and expects to commence trading on 25 February 2021 under the symbol PRTG . FastForward has a 0.56% interest in the issued stock of Portage. Ed McDermott, CEO of FastForward Innovations, commented:
Issue of Equity FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to announce that it has placed 24,705,879 new Ordinary Shares of 1p each (the Placing Shares ) at a price of 8.5p per Placing Share (the Placing Price ) with new and existing shareholders raising gross proceeds of approximately £2.1 million (together the Placing ). In addition, it has issued 2,941,177 Ordinary Shares from the Company s treasury shares to Mr Lorne Abony, a former director, at the Placing Price in settlement of accrued directors fees payable in relation to calendar year 2019 and payment of which was deferred on 15 May 2020 for a period of up to 12 months.