26th Jun 2015 08:10
LONDON (Alliance News) - Metminco Ltd on Friday said it has increased the amount raised in its recent rights issue to AUD2.8 million after securing a shortfall placing worth AUD0.7 million.
Metminco said it has now secured acceptances for 99% of the rights issue, after issuing a further 134.7 million shares under the shortfall applications. The shares were issued at AUD0.005 per share.
The proceeds are set to be used to back work at the Los Calatos project in Peru.
Shares in Metminco were up 1.7% to 0.244 pence in London on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Metminco