Chesterfield Resources plc has raised £130,000 via a placing and subscription of 26 million new ordinary shares of 0.1 pence each, representing a fifth of its issued share capital, at 0.5 pence per share.
Following admission, the company’s issued share capital will comprise 156,328,311 ordinary shares, each with one vote.
Chesterfield holds no ordinary shares held in treasury.
Proceeds will be used to evaluate and acquire new opportunities as well as for working capital.
The company holds copper interests in Cyprus and a 5.46% stake in Sterling Metals focused on Canada.