LONDON (Alliance News) - Alexander Mining PLC on Friday saw its shares sink in early trade after it said it has raised GBP295,000 via a discounted share placing.
Alexander said it will issue 59.0 million shares at 0.5 pence per share to its existing shareholders. Shares in the company were down to 0.5 pence in early trade, a 17% decline and enough to make it the worst performer in the AIM All-Share in early trade.
"We appreciate the support of our existing shareholders who have participated in this fundraising. Ebullio's participation is especially valued as we have developed a close relationship together over the last few years," said Chief Executive Martin Rosser.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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