Do we know where the funds went?10 Apr 2019 09:43
13 February 2017 URU Metals has raised £535,000 (before expenses) through a placing of 11,888,888 new Ordinary Shares at 4.5p per share.
The Company said the net proceeds of the placing will be used by the Company to investigate new acquisition targets and also means URU is in a strong position to act on any attractive proposals the Board receives.
9 January 2017 URU Metals, the base metals and uranium explorer and development company, has raised £770,000 from institutional and other investors through a placing of 171,111,110 new ordinary shares at 0.45p apiece.
The proceeds will be used to:- advance the Zebediela project, in anticipation of positive results from the drill testing programme which is due to commence this month. The aim of this scope of work is to increase the confidence on the potential magnetite resource that has been identified in the oxide and sulphide Zones of the orebody.