20th Nov 2020 20:27
Beowulf Mining PLC - exploration and development company - Conducting open offer on a pre-emptive basis of up to approximately GBP7.3 million in total. To enable existing holders of Swedish Depository Receipts to participate in open offer, Beowulf will offer entitlements to new ordinary shares under open offer by way of the SDR rights issue. New SDRs will also be offered for subscription without preferential rights to institutional investors, other professional investors and general public in Sweden. Beowulf says has received underwriting commitments of up to 80%, or approximately SEK45.3 million, of the SDR rights issue. Amounts to up to approximately SEK56.7 million at a subscription price of SEK0.370 per new Swedish Depository Receipt.
Current stock price: 4.46 pence
Year-to-date change: down 2.7%
By Arvind Bhunjun; [email protected]
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