10th Sep 2015 07:16
LONDON (Alliance News) - Herencia Resources PLC said Thursday it has completed a placing to raise GBP500,000 through the issue of 512 million new shares at 0.1 pence per share.
Shares in Herencia were down 21% at 0.0990 pence Thursday morning, the worst performers in the AIM All-Share.
The placing was conducted via Beaufort Securities Ltd.
Herencia owns a portfolio of exploration properties in Chile, South America. It plans to use the funds raised for a number of its initiatives, including advancing its Picachos Project, finishing due diligence and negotiations on a potential Tambillos joint venture and for general working capital.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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