IN BRIEF: Phoenix Copper completes GBP18 million fundraising

Thu, 25th Mar 2021 17:41

Phoenix Copper Ltd - Idaho, US-based base and precious metals producer - Says the open offer was 16% oversubscribed and accordingly it has raised GBP2.0 million. Total gross proceeds of GBP18.4 million were raised through placing, subscription and open offer. Following admission of new shares, the company will have 116.2 million shares overall.

Current stock price: 32.70 pence, down 2.4% on Thursday

Year-to-date change: down 17%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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