26th Jun 2015 07:43
LONDON (Alliance News) - Hummingbird Resources PLC on Friday said it has raised GBP0.5 million via a subscription agreement with a long-term shareholder.
Hummingbird said it has issued 1.5 million shares at 33 pence per share under the subscription, with a shareholder who is an affiliate of Sprott Inc, the natural resources investment group. Shares in Hummingbird were down 1.5% to 33.75 pence on Friday morning.
The proceeds will be used to back work at the Yanfolila Gold Project in Mali.
By Sam Unsted; [email protected]; @SamUAtAlliance
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