LONDON (Alliance News) - Shefa Yamim ATM said Wednesday it raised GBP250,000 via a share subscription by new and existing investors.
The mining company issued 312,500 shares at 80 pence each. Shefa Yamim shares were trading down 14% at 80.0p.
Pursuant to the subscription, the company will issue one warrant to subscribe for one new share for every subscription share subscribed for, with an exercise price of 100p, exercisable within 18 months from admission.
The company said it will use the proceeds of the subscription to advance its project in Zone 1 of the Kishon Mid-Reach Area, in Israel, towards trial mining, make progress with bulk sampling in Zone 2 of the Kishon Mid-Reach Area and for working capital purposes.
Admission of the shares to trading is expected on November 6, following which the company will have 14.2 million shares in issue.


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


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(Alliance News) - Shefa Gems Ltd said Tuesday it has performed a series of actions designed to "strengthen" its balance sheet and provide access to po...


LONDON (Alliance News) - Shefa Yamim ATM Ltd on Thursday said it intends to commence mining and begin generating revenue in 2020.Shares in Shefa Yamim...


LONDON (Alliance News) - Shefa Yamim ATM on Monday said it raised GBP1.0 million via placing and subscription of shares.The company, focused on explor...


LONDON (Alliance News) - Precious stone miner Shefa Yamim ATM Ltd is to change its name, it said Thursday, and has also split its chief executive and ...


LONDON (Alliance News) - Shefa Yamim ATM Ltd on Thursday said it plans to bringing the Kishon mid-reach project, located in Northern Israel, into prod...