Arc Minerals Raises GBP47,000 After 1.7 Million Warrant Exercise

(Alliance News) - Mining firm Arc Minerals Ltd said Thursday it raised GBP46,792 through the ...

Alliance News 18 July, 2019 | 6:01PM
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(Alliance News) - Mining firm Arc Minerals Ltd said Thursday it raised GBP46,792 through the issue of 1.7 million shares following the exercise of warrants.

Arc issued the 1.7 million shares at a price of 2.8 pence per share. Shares in Arc closed 4.8% higher at 4.74 pence in London on Thursday.

Following admission - expected next Wednesday - Arc will have 710.2 million shares outstanding.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Arc Minerals Ltd 4.15 GBX -1.19 -
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