IN BRIEF: Altona Rare Earths fundraises to boost its business plan

Altona Rare Earths PLC - mining exploration company - Raises GBP177,700 before expenses, through ...

Alliance News 22 June, 2021 | 7:26PM
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Altona Rare Earths PLC - mining exploration company - Raises GBP177,700 before expenses, through the issue of 1.5 million new shares at a price of 12 pence each, a 29% premium to the closing share price on Friday last week. The company is issuing 740,419 warrants, on a one warrant for every two shares purchased basis, to the placees, with a strike price of 20p and an expiry date of the end of March 2023. The funds will be used to accelerate the company’s business plan, specifically to commence its initial mining exploration work.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Altona Rare Earths PLC 11.10 -

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