LONDON (Alliance News) - Golden Saint Resources Ltd said Monday it has raised GBP400,000 in a discounted placing of 571.4 million shares at a price of 0.07 pence each.
This was a discount of around 24% on the company's closing middle market price of 0.0925p last Thursday. Shares in Golden Saint were down 8.6% at 0.0800p Monday morning.
Golden Saint said it plans to use the proceeds for its bulk-sampling operations and for general working capital purposes. Additionally, it has appointed SVS Securities PLC as its joint broker, alongside its existing joint broker and nominated adviser Beaumont Cornish Ltd.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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