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CAN Media Raises £5M Working Capital

CAN Media, those folks up in the north or England, and one of the ten companies we told you to watch in 2009 [1] has just completed raising GBP 5 million.

Phil Austin, Managing Director told us “We actually intended raising £2m but we were oversubscribed. It is purely working capital as all our expansion has been provided for including South Africa expansion”

CAN Media’s numbers continue to impress, if rumours are true then all of their figures are way ahead of last years and the group continues to make a healthy profit.