Anglesey Mining plc has completed the acquisition of an additional 29.8% of Grängesberg Iron AB (GIAB), which owns the Grängesberg iron ore project in Sweden.
The company will now issue 14,544,827 new ordinary shares of 1 pence each in the company at an issue price of 3 pence per share to GIAB founders, Roslagen Resources AB.
Roslagen now holds approximately 4.9% of the issued share capital of Anglesey which owns 49.75% in Roslagen.
The consideration shares will be held in escrow for 12 months from their date of issue.
Following admission, Anglesey’s total issued share capital will consist of 295,220,548 ordinary shares, all with voting rights.