15th Jan 2014 11:17
LONDON (Alliance News) - Herencia Resources PLC Wednesday said it has received the remaining GBP1.9 million in funding from Shining Capital Management.
The South America focused mineral exploration and development company said it will issue 300 million shares to Herencia at a price of 0.62 pence per share, after the receipt of its new funding.
The deal, part of Shining Capital's tranche two investment in the company, means Shining Capital will hold 400 million shares in the company, or roughly 16.4% of the total shareholding.
Herencia Resources shares up 2.3% to 0.548 pence Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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