Altona Rare Earths plc has raised £1.25 million before expenses from a “significantly over subscribed” placing. Funds raised will be used for evaluating and developing projects in Africa.
Tag: placing
Chesterfield raises £800,000 via placing
Chesterfield Resources plc raised £800,000 from a placing of 8,000,000 new ordinary shares with new and existing investors at 10 pence per placing share. The revised figure is an increase from the amount announced last Thursday (1 July) of £750,000. The new ordinary shares will represent 7.8% of the issued ordinary share capital of Chesterfield prior to the […]
EnQuest plans to raise £36m for Golden Eagle
EnQuest plc today proposed a firm placing, placing and open offer to help finance its planned acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development in the UK Central North Sea. The area comprises the producing Golden Eagle, Peregrine and Solitaire fields. The company intends to raise gross proceeds of up […]
Altona raises £177,700 via placing
Altona Rare Earths plc raised £177,700 before expenses, through the issue of 1,480,836 new ordinary shares at an issue price of 12 pence per share, a 29% premium to the closing share price on 18 June 2021. The company is issuing 740,419 warrants, on a one warrant for every two shares purchased basis, to the […]
Helium One raises £10m
Helium One Global Ltd has raised £10 million via a “significantly oversubscribed” subscription and placing of 100m ordinary shares each at 10p, representing a 14.5% discount. Proceeds will be used to continue the fast-track development programme of the Rukwa project in Tanzania. The fundraise involved institutional and other investors while Helium One directors participated in the […]
Altus raises £7.7m via placing-subscription
Altus Strategies plc has conditionally raised £7.7 million via an “oversubscribed” placing and subscription of 10,266,668 new ordinary shares at an issue price of £0.75 per share. The company said the fundraising had attracted existing and new institutional, family offices and private investors with strategic investor La Mancha subscribing for 35.43%. Altus chief executive and […]