3rd Mar 2014 10:28
LONDON (Alliance News) - Paragon Resources PLC Monday said it has raised GBP12,000 by drawing down its equity financing facility.
In a statement, the company said it had issued 1.2 million shares to Darwin Strategic Ltd at 0.2910 pence a share for the drawdown.
It said it had also issued 51,425 shares to some former directors to settle what it described as "historic obligations".
Paragon Resources shares were down 1.8% at 0.27 pence Monday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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