Altona Rare Earths plc has issued 40 million ordinary shares of one pence each, following an exercise of 40m warrants, at a price of 1.5 pence per share, for a gross £600,000. TVRs Net proceeds will repay the company’s outstanding full single debt with Tracarta Ltd. Altona said that immediately before the warrants exercise, the […]
Tag: debt extension
Ascent raises £600,000 via placing and restructures debt
Ascent Resources plc has raised £600,000 in a placing and restructured its debt with lender Riverfort. DISCOUNT The company issued 15,000,000 new ordinary shares of 0.5 pence each to new and existing shareholders, at a price of 4 pence per placing share. The placing price represents an approximate 5% discount to the closing mid-market price […]