Yota product development to be funded by private share placement

Yota product development:  The Russian mobile broadband services provider and smartphone manufacturer Yota Devices is planning to fund future developments through the private placement of one million shares to a limited circle of investors.
The proceeds from the share offering will also be used to help promote YotaPhone2, its new dual-screen handset which is due to be launched early next month.
Although no detailed specifications have yet to be released, it is believed that the new device will have a colour display on one side and an ePaper display on the another. In an early prototype, both displays  also had touchscreen capability,  2GB RAM, a Qualcomm Snapdragon 800 processor, 802.11ac WiFi, and Bluetooth 4.0 connectivity. BFM