2nd Jun 2015 07:24
LONDON (Alliance News) - MXC Capital Ltd Tuesday said it has increased the number of shares it will issue under the broker option from its recent share placing.
MXC said it would increase the number of shares available to non-institutional shareholders and new investors under the broker option to 120 million shares. Zeus Capital Ltd, the broker, has exercised this in full, meaning MXC has now raised a further GBP3 million.
MXC had initially raised GBP11.7 million in May by placing 480 million shares at 2.5 pence per share. Zeus had previously been handed a further 40 million shares to place.
MXC shares were down 15% to 3.00 pence on Tuesday, one of the worst performers in the AIM All-Share index in early trade.
By Sam Unsted; [email protected]; @SamUAtAlliance
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