Celsius Resources Ltd - resource development company with projects in Africa and the Philippines - Raises around GBP1 million from placing of 162.3 million new shares at a price of 0.6 pence each. The placing price represents a 17% discount to the stock's Thursday closing price of 0.73p. Celsius says the proceeds will go toward early development works at the company's MCB project, permitting costs at the Sagay copper-gold project, exploration expenditure at the Botilao copper-gold-prospect, as well as for working capital purposes.
Current stock price: closed up 6.2% at 0.77 pence per share in London on Friday
12-month change: down 3.8%
By Hugh Cameron, Alliance News reporter and Eric Cunha, Alliance News news editor
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Celsius Res (CLA)