LONDON (Alliance News) - Pathfinder Minerals PLC on Monday said that it has issued new shares after its proposed capital reorganisation was approved by shareholders at its AGM.
The company proposed a capital reorganisation back in June to allow it to access equity financing in the future and as it battles to regain control of its assets in Mozambique. It will be effected from Tuesday, Pathfinder said.
Following the capital reorganisation, there will be 103.7 million shares of 0.1 pence par value in issue, it said.
Shares in Pathfinder were trading down 3.6% at 0.241 pence Monday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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Pathfinder Minerals (PFP)