2nd Jun 2015 14:43
LONDON (Alliance News) - Coal of Africa Ltd Tuesday said it has completed the third stage of a share placement it embarked upon last August.
In a statement, the coal exploration and project development company said it raised GBP7.9 million under the third stage of the private placement, issuing 144 million shares at 5.5 pence each.
In total, the placing raised GBP28.2 million in three tranches.
Coal of Africa shares were down 6.0% at 5.22p late Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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