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Stellar Resources Raises GBP770,000 In Discounted Share Placing (ALLISS)

24th Feb 2016 15:48

LONDON (Alliance News) - Stellar Resources PLC on Wednesday said it has raised GBP770,000 through the issue of 308 million shares at 0.25 pence each.

The funds will be used for general working capital purposes and to assist in seeking further investment opportunities, Stellar said.

Shares in Stellar were trading down 23% at 0.289 pence each on Wednesday afternoon.

By Karolina Kaminska; [email protected] @KarolinaAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.


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