LONDON (Alliance News) - Orogen Gold PLC Wednesday said it has conducted a share placing to raise GBP450,000.
The miner said it has issued 1.80 billion new shares in the company at 0.025 pence per share, a 29% discount to its current share price, which closed flat on Wednesday at 0.035 pence.
The proceeds, raised from existing and new investors, will be used for working capital.
The 1.80 billion new shares represent 32.7% of the company's enlarged issued share capital.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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