IN BRIEF: Mkango Resources shares up amid GBP12.5 million fundraise
Mkango Resources Ltd - Vancouver, Canada-based company focused on production of recycled rare earth magnets, alloys and oxides - Raises GBP12.5 million following the closure of its fundraise. Says it issued an aggregate of 37.9 million new shares at a price per share of 33 pence. Says the proceeds are earmarked to support its growth opportunities, including a potential acquisition in Germany. Plans to also use the funds for capital expenditure requirements at its UK and German operations, as well as for working capital purposes. Read More