Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - Intends to raise GBP865,000 through placing and subscription of shares at a price of 3.4 pence each.
Issue price reflects 3.1% discount to closing price of 3.51p on Friday. WH Ireland and Canccord Genuity will act as bookrunners.
Proceeds from the placing will go towards advancing the Parys Mountain project through additional technical studies to an investment decision, partly repay its debt to shareholder Juno and for general working capital purposes.
Current stock price: 3.79 pence, up 8.0% on Monday
12-month change: down 4.1%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Anglesey Mining (AYM)