Share Placing
- ALBA raise £380,000
- ALBA has raised £380,000 before expenses
- 584,615,385 new ordinary shares issued
- Price: 0.065 pence per ordinary share
- Used for value-enhancing activities
Use of Proceeds: Clogau Gold Mine
- Ongoing bulk sampling of 150 tonnes of ore at Llechfraith payshoot
- Both on and below Level 4
- Subsequent processing and refining for gold
Clogau Waste Tip
Use of Proceeds: Dolgellau Gold Field
- In relation to the wider Dolgellau Gold Field
Use of Proceeds: Airborne Geophysical Survey
- For the completed airborne geophysical survey undertaken within Dolgellau Gold Field
- Interpretation of the survey data
- Design and implementation of ground-based exploration over identified gold targets
-Use of Proceeds: Corporate activities
- Partnership, marketing and offtake discussions for Clogau gold
- Development work to establish traceable "mine-to-market" supply chain
- Due diligence / option fees / deposits for acquisitions and investments.
- Working capital
Market Intelligence
- Admission of new ordinary shares to AIM effective at 8.00 a.m, 5 April 2024
- New shares will rank equally with existing shares
- Following Admission, the total number of shares with voting rights will be 8,318,304,381
Alba Mineral Resources (ALBA)