AEX Gold Inc - Greenland-focused gold miner - Starts trading on London's AIM by raising GBP42.5 million through a placing and subscription of 94.4 million shares at a price of 45 pence each. Now has 177.1 million shares issued overall. Stifel Nicolaus Europe Ltd is acting as nominated adviser and broker.
"We now have the financial capacity to push forward to production at our high-grade Nalunaq gold mine together with targeted exploration across our wider gold acreage in Southern Greenland. Our ambition is to become a full-cycle gold mining business of scale in Greenland, with Nalunaq the first project in what we believe could be many from our existing portfolio of gold assets," said Chief Executive Officer Eldur Olafsson.
Current stock price: 46.00 pence
By Dayo Laniyan; dayolaniyan@alliancenews.com
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