The company is issuing 25mln new shares at a price of 2p. Just over half the shares were sold through the Teathers App, in a ‘live market bookbuild’ process, with twelve users participating.
"We are very happy to have worked with Teathers on this fundraising and are delighted to welcome our new shareholders into the company,” said Matt Lofgran, Nostra Terra chief executive.
“We are pleased to have been able to offer fair and transparent access to this placing and I look forward to providing regular updates as we progress."
Each placing share is packaged with a share warrant, allowing investors to pay 3p for an extra share.