1st Nov 2023 11:31
(Alliance News) - Tertiary Minerals PLC on Wednesday saw its share price fall, after completing a fundraise at a discount to the previous day's closing bid price.
Tertiary Minerals is a mineral exploration and development company focused on energy transition metals, with projects in the US and Zambia. Shares in the firm were trading 8.4% lower at 0.13 pence each in London on Wednesday morning.
Tertiary raised GBP150,000 via a placing of 125.0 million new shares at 0.12 pence per share, which represented a 7.7% discount to Tuesday's closing bid price.
It said that the net funds raised would go towards exploration activities at projects in Zambia and Nevada, as well as towards working capital.
By Holly Beveridge, Alliance News reporter
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