18th Apr 2018 13:10
LONDON (Alliance News) - Altus Strategies PLC said Wednesday it has raised CAD4.1 million before expenses in a private placing as it works to meet conditions to begin trading in Toronto.
Altus placed 27.4 million units at CAD0.15, raising CAD4.1 million, equivalent to GBP2.3 million.
It has also issued a warrant for one share alongside each issued share, which can be exercised at a price of CAD0.30 for five years.
The funds will be used to continue work on its African licences, as well as general corporate purposes.
Altus got approval to list in Toronto on Thursday last week, and shares will remain trading in London once this happens.
Shares were up 3.6% on Wednesday at 8.16 pence each.
Related Shares:
ALS.L