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Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

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Share Price: 3.50
Bid: 3.40
Ask: 3.60
Change: 0.20 (6.06%)
Spread: 0.20 (5.882%)
Open: 3.30
High: 3.50
Low: 3.30
Prev. Close: 3.30
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IN BRIEF: Savannah Resources raises GBP10 million in share placing

Wed, 21st Apr 2021 13:43

Savannah Resources PLC - resource development company with operations in Portugal, Mozambique and Oman - Raises GBP10.3 million through a 258 million share placing at 4 pence per share. The oversubscribed placing is via an accelerated bookbuilding process managed by Clarksons Platou Securities AS, finnCap Ltd and WH Ireland Limited. Shares are expected to trade on AIM on April 26.

"We are delighted by the interest shown in Savannah by the international equity capital markets," says Chief Executive Officer David Archer. "The GBP10.3 million raised combined with the USD6.4 million investment expected from Galp Energia SGPS SA in the Mina do Barroso project holding company, and our existing cash reserves, puts Savannah in a strong financial position as we continue to move towards the development phase at Mina do Barroso."

Current stock price: GBP4.01, down 21% Tuesday for GBP57.4 million market capitalisation

Year-to-date change: down 8.9%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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14 Jun 2018 08:33

Savannah says Portuguese lithium project potentially 'major' producer

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14 May 2018 13:14

Savannah Resources moves a step closer to Oman mining licences

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14 May 2018 11:13

Omani Ministries Offer No Objection To Savannah Resources Application

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2 May 2018 11:29

Savannah Resources Reports Increased Lithium At Portuguese Mine

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26 Apr 2018 14:32

Savannah Begins Bulk Sampling At Lithium Project In Portugal

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23 Apr 2018 18:32

Savannah Resources To Up Stake In Mutamba Project, Awaits Mining Lease

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23 Apr 2018 08:14

Savannah Resources still awaiting government approval

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4 Apr 2018 14:11

Husain Al-Lawati Now Holds 7.3% Interest In Savannah Resources (ALLISS)

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3 Apr 2018 15:32

Slipstream Resources Acquires 4.4% Stake In Savannah Resources (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC said on Tuesday that Slipstream Resources Investments Pty Ltd has acquired a 4.36% interest in the company, in a transaction in

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3 Apr 2018 12:19

Savannah Resources Nets GBP1.5 Million In Placing, More Possible (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC said Tuesday it has raised GBP1.5 million in cash after both new and existing investors subscribed for shares in

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1 Feb 2017 16:07

Savannah Resources completes drilling at Ravene

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Savannah Resources posts positive sampling results

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13 Dec 2016 12:52

Environment studies start at Savannah, Rio Tinto mineral sands project

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13 Dec 2016 10:12

Savannah Begins Scoping Study Work For Mutamba, Drilling On Ravene

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16 Nov 2016 11:29

Savannah Encouraged By Consistent Copper Mineralisation In Oman

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