5th Aug 2015 07:21
LONDON (Alliance News) - Galileo Resources PLC shares were trading lower on Wednesday morning after the company said it has raised GBP375,000 via a discounted share placing.
The company said it has issued 31.3 million shares at 1.2 pence per share to raise the funding. Shares in Galileo were down 19% to 1.16 pence Wednesday, the worst performer in the AIM All-Share.
It will use the funds for working capital purposes, including paying its annual licence fees on its properties in Nevada.
By Sam Unsted; [email protected]; @SamUAtAlliance
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