4th Nov 2021 14:17
Alien Metals Ltd - London-based exploration and development company - Closes placing, raising GBP4.0 million through the issue of 470.6 million shares at a price of 0.85 pence each. The net proceeds of the placing will be applied towards phase 3 infill and extensional drilling on the Hancock iron ore project located in the US state of Illinois. The reminder will be used for ongoing exploration around the Elizabeth Hill silver project in western Australia, and exploration drilling in Mexico.
Current stock price: 0.88p, down 18%
Year-to-date change: down 30%
By Evelina Grecenko; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Alien Metals