Arria on the hunt for long-term funding

Arria NLG PLC (LON:NLG), the language generation technology specialist, has confirmed it plans to raise further cash, probably via a listing on the New Zealand and Australian Stock Exchanges. In the half-yearly results statement it said it would also raise capital in the short-term "as needed". Last week it brought in 262,000 via the issue of loan notes and warrants. "The directors are confident of securing sufficient, additional funding within the next financial year, for its near term requirements," Arria said in the notes to its accounts. The results, meanwhile, showed the company had around 2.1mln in cash as at the end of March.