27th Apr 2016 11:47
LONDON (Alliance News) - Miner Ferrum Crescent Ltd on Wednesday said it raised GBP650,000 through a share placing.
The company issued 403.8 million shares via a placing and 96.2 million shares via a subscription, all at 0.13 pence per share. Ferrum shares were up 3.0% to 0.17p.
The funds will be used to back the cash consideration on Ferrum's acquisition of GoldQuest Iberica SL, which owns the Toral and Lago lead-zinc projects in Spain.
By Sam Unsted; [email protected]; @SamUAtAlliance
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