19th Aug 2025 20:38
Capital Metals PLC - London-based mining firm targetting mineral sand deposits in Sri Lanka - Agrees with Ambeon Capital PLC an extension of the Ambeon option period for two weeks until September 2. This follows May's announcement regarding Ambeon's strategic investment of USD2 million and the Ambeon option. Pursuant to the option, Ambeon and/or its third-party assignees may invest up to a further USD2 million in Capital Metals at an issue price of 2.75 pence per share of which, to date, USD825,000 has been subscribed for. "Based on ongoing discussions, the board expects that the full balance is likely to be exercised," Capital Markets says.
Current share price: 3.00p, unchanged in London on Tuesday
12-month change: up 88%
By Jeremy Cutler, Alliance News reporter
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