21st Jan 2016 09:55
LONDON (Alliance News) - Bellzone Mining PLC on Thursday said it has completed its recently-announced share placing and has raised a total of GBP1.4 million.
The company placed a total of 339.2 million shares at 0.398113 per share with Hudson Global Group Ltd. Hudson now owns 62% of Bellzone's issued shares.
Shares in Bellzone were down 7.0% to 0.372 pence on Thursday.
The proceeds will provide Bellzone with the funds to finance feasibility study work on the proposed Kalia North West nickel project in Guinea, it said.
Bellzone also said it has appointed Yuk Ying Angel Tong as a non-executive director. She is the group treasurer China Sonangol International Holding Ltd, which owns Hudson Global Group.
By Sam Unsted; [email protected]; @SamUAtAlliance
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