Braveheart Investment Group PLC (LON:BRH) said one of its strategic investments, Gyrometric Systems, received a cash injection of £250,000 on Tuesday from Strat Aero PLC.
As a result of the fund-raising, Strat Aero now holds a 37% stake in Gyrometric while Braveheart’s stake has been reduced to 41% as a result of the issue of new shares.
The paper-based net uplift in the value of Braveheart's holding, after accounting for profit shares due to third parties and subject to audit, is expected to be in the region of £100,000.
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"Braveheart has worked closely with Gyrometric to drive its business forward over the last year,” said Braveheart director, Viv Hallam.
“This investment confirms the value of our work and our belief in this market opportunity, it brings access to further resources and skills to this business. We welcome the investment by Strat Aero plc and look forward working with Nigel Burton, who is joining the Gyrometric board with immediate effect,” Hallam added.