Subscription is 30% oversubscribed19 Jun 2019 12:41
Jim Mellon, a Non-Executive Director, will participate in the Fund raise his shareholding in the Company will be 25.4%,' the company added.Richard Reed, Non-Executive Chairman and David Giampaolo, a Non-Executive Director, each subscribed £100,000. It will give the company £4.5 Million.Following Admission of the Subscription Shares of 90 million shares, the Company will still only have 113,195,558 Ordinary Shares, I am a gold bug,investing in gold mines on TSX but i am diversifying. I am not a day trader. I look at company with up to 300 million shares out. Its all about how well the company puts said money raised to work and grow the company through good investments. shares in any company need liquidity so I am happy with this fund raise.The Company's General Meeting is scheduled to be held on 3 July 2019.I have a small amount invested here.