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IN BRIEF: Blencowe Resources Raises GBP500,000 For Orom-Cross Project

Mon, 18th Jan 2021 11:34

Blencowe Resources PLC - natural resources company focussed on the development of the Orom-Cross graphite project in Uganda - Raises GBP500,000 through the placing of 6.3 million shares at 6 pence each. Says it will use the new cash to advance the development of the Orom-Cross project and the pre-feasibility study scheduled to commence in the current quarter.

Current stock price: 8.42 pence

Year-to-date change: up 10%

By Ife Taiwo; ifetaiwo@alliancenews.com

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