8th Jan 2016 17:51
LONDON (Alliance News) - Reabold Resources PLC on Friday said it has raised GBP200,000 through a share placing, with the proceeds earmarked to provide the company with additional working capital.
The AIM-listed natural resources investing company said it placed 40.0 million new shares at 0.5 pence each to raise the money.
The new shares will equate to about 12.5% of the enlarged company.
Shares in Reabold closed flat at 1.25p on Friday.
By Samuel Agini; [email protected]; @samuelagini
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