IN BRIEF: Blencowe raises GBP1.9 million to develop Orom-Cross project
22nd Jul 2024 18:56
Blencowe Resources PLC - mineral exploration company developing Orom-Cross graphite project in Uganda - Notes funding agreements with project partners, raising a total of GBP1.9 million from a share issue at 5 pence each. Accordingly, issues 25.7 million shares to project partners, 9.2 million via a placing, and 3.2 million via direct subscription. Says the net proceeds of the funding agreements and capital raise will help it to progress the definitive feasibility study for the Orom-Cross project in Uganda. Read More