17th Jun 2015 09:41
LONDON (Alliance News) - Metminco Ltd Wednesday said it will increase the funds raised from its rights issue to AUD2.1 million after it issued a further 70 million shares.
The new shares will be issued at 0.0026 pence each, which will raise an additional AUD350,028.
Following issue of the new shares, approximately 75% of entitlements available under the rights issue will have been taken up, Metminco said, adding that the funds will be used for continued work on its Los Calatos project in Peru.
Shares in Metminco were trading up 4.1% at 0.281 pence Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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