20th Feb 2014 10:58
LONDON (Alliance News) - Alexander Mining PLC Thursday said it has raised GBP241,750 for general working capital purposes by issuing about 4.6 million new shares to institutional and other investors.
The shares, which were issued at 5.25 pence each, are expected to begin trading on AIM on February 25.
Alexander Mining also issued 487,387 shares to various advisers and consultants to pay for the fees generated in everyday business.
It issued 235,762 shares to nominated adviser Northland Capital Partners Ltd, with 180,000 issued at a price of 5 pence a share and the remaining 55,762 shares at 5.38 pence each.
Another 72,000 shares have been issued to investor relations consultant Britton Financial PR at 5 pence each, while 179,625 were issued to a consultant at 5.316 pence each in respect of the provision of investor relations services in Europe.
Alexander Mining shares were Thursday quoted at 5.91 pence, down 0.09 pence, or 1.5%.
By Samuel Agini; [email protected]; @samuelagini
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