First Class Metals plc has repaid 5.9 million shares to and borrowed 9.5m from its chairman, raising £256,500 via a 16% discounted private placing of 9.5m shares at 2.7 pence per share. ONTARIO In July Mr Knowles loaned two tranches of shares totalling 5,912,059 ordinary shares of £0.001 par value, which were issued to him […]
Tag: private placing
FCM raises £85,000 via private placing
First Class Metals plc has raised £85,500 via a private placing of 3,035,714 ordinary shares of £0.001 par value at a 5.6% premium of 2.8 pence per placing share. AGREEMENTS Executive chairman and director James Knowles will loan a number of shares because the company has insufficient headroom to issue and admit the placing shares without a […]
WGE completes C$1.2m fundraise
Western Gold Exploration plc said it had completed its previously announced non-brokered private placement for C$1,243,580 via a private placement. The company issued 17,765,428 common shares each at a price of C$0.07. Monaco-based Zila Corporation, which held 14.07% of WGE’s issued and outstanding common shares, acquired 4,285,714 shares for C$300,000. The investor now holds 11,334,388 […]