LONDON (Alliance News) - Pathfinder Minerals PLC on Thursday said it has raised another GBP100,000 through the PrimaryBid platform following good investor demand.
Earlier this month, Pathfinder raised GBP200,000 through the PrimaryBid platform, issues 24.0 million shares at 0.8325 pence each.
On Thursday, it said it raised another GBP100,000 by issuing 9.1 million shares at 1.1 pence per share. Shares in Pathfinder were down 10% to 1.17p.
"I am pleased that the PrimaryBid platform has facilitated this additional investment into Pathfinder as we continue the strategy to recover our assets and ultimately to progress their development," said Chief Executive Nick Trew.
Pathfinder is locked in legal proceedings in an attempt to recover its mining licenses in Mozambique.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Pathfinder Minerals (PFP)