24th May 2023 15:42
Mineral & Financial Investments Ltd - Cayman Islands-based investment company focused on natural resources sector - Places 1.2 million shares at 1.0 pence each at a placing price of 21.0p per share. Net funds will be used for investment opportunities the company is reviewing. The company has issued 250,000 shares to Novum Securities Ltd in settlement of historic broking retainers fees.
Chief Executive Officer Jacques Vaillancourt: "We seek value in all the investments we make, and the funds provided will strengthen our balance sheet further as we advance discussions on new investments."
Current stock price: 21.86 pence, down 14% on Wednesday in London
12-month change: up 94%
By Will Neill, Alliance News reporter
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