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Pin to quick picksPathfinder Minerals Share News (PFP)

Share Price Information for Pathfinder Minerals (PFP)

London Stock Exchange
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Share Price: 0.80
Bid: 0.75
Ask: 0.85
Change: 0.00 (0.00%)
Spread: 0.10 (13.33%)
Open: 0.825
High: 0.825
Low: 0.80
Yest. Close: 0.825
PFP Live PriceLast checked at -

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IN BRIEF: Pathfinder Minerals Announces GBP300,000 Placing

Fri, 19th Feb 2021 17:11

Pathfinder Minerals PLC - Mozambique-focused natural resources explorer - Announces placing of 60.0 million shares to raise GBP300,000, before expenses, at 0.50 pence each. Says the net proceeds will provide the company with additional working capital as it pursues the recovery of its mining licences in Mozambique. Says it now has the necessary tools in place to enable it to monetise its Mozambique licences either through a litigation-funded legal claim against the government of Mozambique or, should a diplomatic resolution be achieved, through the development of the project by a strategic partner. Says either outcome should, if achieved, result in a "significant recovery of value to Pathfinder shareholders".

Current stock price: 0.64 pence; up 11% on Friday

Year-to-date change: up 28%

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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