Vigilant Technology raises 200,000 pounds via placing of 6.8 mln shrs at 3p/shr

LONDON (Thomson Financial) - Vigilant Technology Ltd. said it raised about 200,000 pounds before expenses via a placing of about 6.8 million shares, approximately 10.7 per cent of the issued share capital, with Syntek Capital AG at 3 pence each to provide additional working capital.

The video security and surveillance company said following the placing, Syntek is interested in about 15.8 million or about 24.9 percent of NIS 0.01 shares from about 9.0 million shares.

This placing will provide additional working capital to fund further marketing and sales achievements, it added. [e-mail] ash/nes COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.