7.14% premium28 Jun 2019 08:22
someones keen!
Alien Metals Ltd
(“Alien” or “the Company”)
Brokered placing and appointment of Joint Broker
Alien Metals Ltd, the AIM quoted exploration and development company, is pleased to announce that it has raised £350,000, before expenses, through the placing of 233,333,333 Common shares of no par value (“New Common Shares”) at a price of 0.15 pence each (“the Placing”) through SVS Securities plc (“SVS”). The proceeds of the Placing will be used for further exploration work at the Company’s wholly owned Donovan 2, Los Campos and San Celso projects and for general working capital purposes.
The placing was at a 7.14% premium to the closing price of 0.14 pence per share on 27 June 2019.
Peter Taylor, CEO of Alien, commented: “This modest round of strategic funding comes at a premium, underwrites ongoing exploration of the asset portfolio and opens new opportunities to consider complementary projects. I am pleased to welcome and secure the brokerage and research capabilities of SVS alongside those of First Equity.”