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Share Price: 12.00
Bid: 11.50
Ask: 12.50
Change: 0.00 (0.00%)
Spread: 1.00 (8.696%)
Open: 12.00
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Mineral & Financial Investment completes £0.5m placing

Thu, 04th Aug 2016 11:41

(ShareCast News) - Mineral & Financial Investment announced on Thursday that it has successfully completed, subject to admission, a placing to raise approximately £0.475m from the issue of 10 million new ordinary shares of 1.0p each, at a price of 4.75p per share.The AIM-traded firm said this financing was priced at the bid price of the market, as at the close of business on August 3.It confirmed that application has been made for the new ordinary shares to be admitted to trading on AIM, and dealings are expected to commence on 10 August.Mineral & Financial's board said the funds raised from the placing will be used to fund current investment initiatives, have sufficient additional financial liquidity to pursue investment opportunities currently under review and evaluation, as well as for general and corporate purposes."We believe we have had a successful twelve months, in challenging markets, building our portfolio of assets," said chairman Jacques Vaillancourt."This fundraise will provide further liquidity to our currently positive working capital and healthy balance sheet."Our objective remains to work on behalf of our shareholders cost effectively to build value from our investments in the mining sector with a proactive approach," Vaillancourt explained.He said that as the mining sector opens up, there is a temptation for many investors to rush back into individual stocks, but he believes that the lessons of the last decade teach that individual mining boards would benefit from a more active representation from their shareholders with regards to making key, corporate decisions."We look to work constructively in partnership with mining companies."I believe that currently the opportunities to build value in mining are increasing and as a board we believe it is time to expand our portfolio of operations," Vaillancourt added.
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24 May 2023 15:42

IN BRIEF: Mineral & Financial raises GBP250,000 via new shares placing

Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on natural resources sector - Places 1.2 million shares at 1.0 pence each at a placing price of 21.0p per share. Net funds will be used for investment opportunities the company is reviewing. The company has issued 250,000 shares to Novum Securities Ltd in settlement of historic broking retainers fees.

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3 May 2023 11:37

IN BRIEF: Mineral & Financial notes positive results at Portugal site

Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on the natural resources sector - Notes investment update from Redcorp Empreedimentos Mineiros Lda with metallurgical test results as part of wider ongoing tests to be included in a feasibility study for the Venda Nova deposit at the Lagoa Salgada project in Portugal. The feasibility study is targeted for completion this month.

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28 Apr 2023 19:38

TRADING UPDATES: Mineral & Financial buys stake in Mexican mining firm

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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30 Mar 2023 18:39

EARNINGS UPDATES: Ironveld sees interim pretax loss widen on costs

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Mar 2023 15:45

UK shareholder meetings calendar - next 7 days

Monday 6 March 
Gfinity PLCGM re fundraising
Logistics Development Group PLCGM re capital reduction, change of investing policy and share buyback
Tuesday 7 March 
Blackrock Income & Growth Investment Trust PLCAGM
Edinburgh Worldwide Investment Trust PLCAGM
JPMorgan Emerging Europe, Middle East & Africa Securities PLCAGM
Wednesday 8 March 
Amigo Holdings PLCGM re the company's capital position
boohoo Group PLCGM re adoption of the Growth Plan
Creo Medical Group PLCGM re open offer shares
Globalworth Real Estate Investments LtdEGM re grant options and script dividends
Jersey Electricity PLCAGM
Thursday 9 March 
CT Capital & Income Investment Trust PLCAGM
Shoe Zone PLCAGM
WAG Payment Solutions PLCGM re proposed acquisition of Inelo
Friday 10 March 
Atrato Onsite Energy PLCAGM
Malin Corp PLCAGM
Mineral & Financial Investments LtdAGM
  
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15 Feb 2023 21:31

Mineral & Financial's Golden Sun strikes deal to boost BellaVista

(Alliance News) - Mineral & Financial Investments Ltd on Wednesday said its investee Golden Sun Resources Ltd has closed a streaming financing package worth USD10 million.

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9 Feb 2023 14:23

Mineral & Financial says second drill rig mobilised at Lagoa Salgada

(Alliance News) - Mineral & Financial Investments Ltd on Thursday said 50% owned Redcorp Empreendimentos Mineiros Lda has mobilised a second drill rig to begin drilling at the Lagoa Salgada project, Portugal.

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3 Feb 2023 15:17

TRADING UPDATES: GCP Infra hails NAV rise; Jadestone profits from oil

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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23 Dec 2022 14:28

Mineral & Financial annual profit drops as administrative costs jump

(Alliance News) - Mineral & Financial Investments Ltd on Friday said its profit declined in its recent financial year, as expenses increased.

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9 Dec 2022 10:55

Mineral & Financial subsidiary secures cash investment for asset

(Alliance News) - Mineral & Financial Investments Ltd on Friday said its subsidiary has received a cash payment from Ascendant Resources Inc, in the first of two instalments related to its Portuguese mining investment.

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5 Dec 2022 14:33

IN BRIEF: Mineral & Financial notes Redcorp's Venda Nova finds

Mineral & Financial Investments Ltd - Investor in natural resources sector - Announces exploration results from investee Redcorp Empreedimentos Mineiros Lda, an operator of an exploration & development company, engaged in Lagoa Salgada project in Portugal.

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2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News:

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28 Nov 2022 12:38

Mineral & Financial shares surge on funding for Lagoa Salgada project

(Alliance News) - Mineral & Financial Investments Ltd on Monday noted developments in the financing package for the Lagoa Salgada VMS project in Portugal.

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10 Nov 2022 15:52

TRADING UPDATES: Vertu Motors sizes up acquisition; Ondo's Hiscox deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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14 Sep 2022 16:06

IN BRIEF: Mineral & Financial's Ideon stake valued at CAD1.4 million

Mineral & Financial Investments Ltd - Cayman Islands-based investment company - Announces that portfolio firm Ideon has received USD15 million equity investment from Silicon Valley venture capital firm Playground Global. Playground will own 20% of Ideon. The value of Ideon, M&F notes, has increased more than nine times in two years. Based on this financing, M&F's 1.4% stake will be valued at CAD1.4 million.

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