Tungsten West plc has conditionally raised gross proceeds of approximately £44.37 million to restart production at its Hemerdon tungsten-tin mine in Devon. TVRs The fundraise, by way of subscriptions, a placing and a conditional retail offer, was for an aggregate 239,125,536 new ordinary shares. The main direct subscription for 162,712,757 new ordinary shares raised £29,288,296. […]
Tag: direct subscriptions
Guardian secures £19.9m for Pilot-Tempiute
Guardian Metal Resources plc has secured £19.9 million (US$27.2m) via an award and 0.8% discounted direct subscriptions for its Pilot Mountain and Tempiute tungsten projects in Nevada. UCAM The company was awarded $6.6m (£4.9m) from the US Department of Defense through the DPA Title III programme for Pilot Mountain. Subscriptions from existing shareholders and other institutional […]