27th Oct 2022 16:05
Unicorn Mineral Resources PLC - explorer for copper, lead, zinc and silver in Irish midlands - Starts trading on London Main Market on Thursday after raising GBP930,000 in initial public offering. Shares are sold at 10 pence each, giving the company an initial market capitalisation of GBP2.8 million.
The placing proceeds will be put towards Unicorn's flagship project at Kilmallock in the Limerick Basin in Ireland. "The property has had some positive results from previous drilling and is located 15 kilometres south of the Pallasgreen project owned by Glencore [PLC]," comments Chief Executive Officer Richard O'Shea. "In addition, drilling by other operators on some adjacent properties over the last two years has produced some good results, which is encouraging for the Limerick Basin in general."
Current stock price: 17.50p, up 75% on IPO price
By Tom Waite; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Unicorn MineralGlencore