22nd Jun 2015 07:04
LONDON (Alliance News) - EMED Mining Public Ltd on Monday said it has raised a total of GBP64.9 million in its subscription, placing and open offer.
In the open offer portion of the fundraising, EMED placed a total of 45.6 million of the 72 million shares on offer at 4.75 pence per share, raising GBP2.2 million. The remaining shares will now be made available to the bookrunners on the deal, Canaccord Genuity and Brandon Hill, to be placed with institutional and other shareholders via a rump placing.
EMED will make a further announcement on the results of the rump placing later on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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