Jelf looks to raise a further £17m after reporting a £9.7m loss in 2009

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It is expected that any placing would be conducted at or around the price of 36 pence per ordinary share and would be subject to shareholder approval at a general meeting.

Jelf this morning announced plans to raise another £17m.

It said it was in advanced discussions regarding a possible placing of new ordinary shares to raise the money with institutional and other

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