Clontarf Energy plc has raised £300,000 before expenses via a placing of 857,142,857 new ordinary shares of 0.01p each in the company at a price of 0.035p per placing share.
The placing shares represent approximately 11.92% of the company’s enlarged issued share capital.
Net proceeds will advance Clontarf’s lithium projects in Bolivia and neighbouring countries, as well as on petroleum projects in Ghana, Australia and elsewhere, and for general working capital.
Following admission, the company will have a total 7,193,326,117 ordinary shares in issue, with voting rights.