shares in tintra plc rose monday with the price more than doubling after the company said it has raised 3 million from two subscriptions at a premium to its prior share price shares at 1037 gmt were up 675 pence or 129 at 1200 pence having previously closed at 525 pence the investmentmanagament firm said the subscriptions for its current round of fundraising are for 1 million and 2 million priced at 504 pence 685 a share each for each new share the investors receive two warrants to subscribe for new ordinary shares conditionally exercisable at 50 pence each for a period of five years the subscriptions are part of the companys plans to raise a total of 10 million the company said that the 1 million subscription for 148511 new shares was unconditional and from an entity controlled by the usbased family office of omar mangalji which will be used to develop its fintech payments business and for working capital the second subscription was from a strategic gulfbased investor for 297022 new ordinary shares and is conditional only upon the company selling its lottery administration business by april 1 after completing the sale tintra will be solely focused on its regtech activities