21st Nov 2013 10:47
LONDON (Alliance News) - Paragon Resources PLC Thursday said it has raised GBP60,000 via a drawdown on its equity financing facility with Darwin Strategic Limited.
The AIM-listed agriculture, mining and resources investment company said it raised the cash by way of the issue of 10.0 million ordinary shares to Darwin, under the terms of its EFF agreement. Trading of the new shares will commence on November 26, at which time Paragon Resources will have 435.7 million shares in issue.
Paragon Resources shares were up 20% to 0.365 pence, putting it in the top ten AIM movers Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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