11th Apr 2022 15:32
Bradda Head Lithium Ltd - North America-focused lithium development company - Raises GBP7.9 million, around USD10.0 million in placing of 56.7 million new shares at 13.5 pence each, with investors in North America. Says fundraise arranged by Red Cloud Securities Inc, a Canadian investment bank focused on mining. Bradda is also launching a fundraise of up to GBP2.0 million, or around USD2.5 million, in 14.7 million new shares with UK investors, via an accelerated bookbuild process.
Net proceeds will be used for exploration and advancement of lithium projects in Arizona and Nevada, as well as general working capital, Bradda says.
Current stock price: 14.02 pence, down 5.7% on Monday
12-month change: up more than double from 5.75p on July 19, 2021
By Elizabeth Winter; [email protected]
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