27th May 2015 09:58
LONDON (Alliance News) - Nyota Minerals Ltd on Wednesday said it has raised GBP300,000 via a discounted conditional share placing.
Nyota said it will issue 545.5 million shares at 0.055 pence per share. Shares in the company were down 6.3% to 0.075p Wednesday morning.
It intends to use the net proceeds of the placing, run by Smaller Company Capital Ltd, for general working capital purposes and to back its nickel and precious metals exploration programme in Italy.
By Sam Unsted; [email protected]; @SamUAtAlliance
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