IN BRIEF: Ajax now expects to GBP1.2 million from fundraise
Ajax Resources PLC - London-based natural resources investment company - Updates on the proposed equity fundraising announced on December 11. Says new ordinary shares will be issued at 5.5 pence, a 22% premium to the company's last fundraising round which closed on July 28. Increases amount to GBP1.2 million due to investor interest in the fundraise, which is expected to close at GMT 19:00. It has received commitments for about 90% of the fundraising amount, which includes participation from its board as well as existing significant shareholders. The funds will add to the USD400,000 from Appian Capital Advisory Ltd expected on completion of the acquisition of the Pereira Velho Gold Project. On December 11, Ajax announced heads of terms to acquire Brazil-based Pereira Velho Exploracao SA. PVESA is wholly owned by entities affiliated with Appian Capital Advisory Ltd. Read More