STEAM cleaning group Proventec has raised £1.5m through a share placing.The Liverpool-based company raised the cash by placing 3 million new ordinary shares at 50 pence pr share with existing and new investors.The company said it would use the funds to add to its machine portfolio with a new product and to strengthen the company’s balance sheet.The company will also pay back a £500,000 short term loan it secured for working capital earlier this month with an unnamed European institutional investor. Amounts drawn u......for the full story register now for free or login below...