November Placing 2020 and 20214 Nov 2021 07:38
Last years November placing below saying it would fund them until the end of 2021 so this is not a surprise. Bill likes November placings. Nearly twice as many shares being placed this time around
Lets hope it clears quickly and sets them up for a good year
23 November 2020
Alien Metals Ltd
ALIEN RAISES £2.5 MILLION TO ACCELERATE EXPLORATION ACTIVITIES IN MEXICO AND AUSTRALIA
Alien Metals Ltd ("Alien Metals", "Alien" or "the Company"), a minerals exploration and development company, is pleased to announce that it has conditionally raised £2,500,000, before expenses, in a Placing of 227,272,727 new ordinary shares ("Placing Shares") at a price of 1.1 pence per share (the "Placing"). The Placing, which was oversubscribed, was undertaken at a 100% premium to the Company's most recent fund raise which included a mixture of new and existing Professional and Institutional investors.
The proceeds from the Placing augment the Company's strong cash balance and will be used to extend and accelerate a range of exploration activities across the Company's portfolio, with immediate programs to be expanded in both Mexico and Western Australia. Based on current budgets and in the absence of exceptional circumstances, the Board believes that the Company's existing work programs are now fully funded through to end-2021.