IN BRIEF: Phoenix down after successful GBP2.7 million equity raise
26th Jan 2024 12:35
Phoenix Copper Ltd - Base and precious metals explorer developing Empire open-pit copper and silver project in US state of Idaho - Raises GBP2.7 million via the placing of 14.1 million shares and a subscription of 9.0 million shares, both at an issue price of 11.5p each. In addition, the company is providing retail investors the chance to subscribe for up to 1.7 million offer shares at the issue price to raise a further GBP200,000. The retail offer closes January 31. On Friday morning, Phoenix announced its intention to raise approximately GBP2.4 million through the issue of new shares and the retail offer. The placing was run as an accelerated bookbuild by brokers Panmure Gordon (UK) Ltd and WH Ireland Ltd as joint bookrunners. Read More