13th Mar 2015 10:14
LONDON (Alliance News) - Namibian Resources PLC on Friday said it has repaid loans advanced to the company by its directors with funds raised from a share issue.
Namibian said it has issued 13.5 million shares at 4.75 pence per share. Shares in the company were up 40% to 1.5 pence on Friday, one of the best performers in the London Main Market. The stock's 52-week range is 1.10p to 2.50p.
The shares have been issued to Chairman Brian Moritz and former director Allen Sheppard.
By Sam Unsted; [email protected]; @SamUAtAlliance
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