25th Jun 2015 07:41
LONDON (Alliance News) - Aminex PLC on Thursday said it has raised GBP1.67 million via a share issue to back work on the Ntorya discovery in Tanzania's Ruvuma Basin.
Aminex said it has issued 88 million shares at 1.9 pence per share. Shares in the company were down 12% on the news to 1.85 pence, one of the worst performers in the London Main Market.
The proceeds from the issue will be used to fund planning for the Ntorya-2 appraisal well, the Ntorya-1 side-track well and for working capital purposes.
By Sam Unsted; [email protected]; @SamUAtAlliance
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