6th May 2020 18:24
(Alliance News) - URU Metals Ltd on Wednesday said it has raised GBP200,000 through the subscription for 235,294 depositary interests at 85 pence per share.
The company additionally has issued a USD250,000 convertible loan note due May 31, 2021, to Boothbay Absolute Return Strategies LP, a US-based financial institution. Boothbay has the option to increase the size of the loan note to USD500,000 prior to the maturity of the loan note.
Shares in the minerals exploration company closed 22% higher at 220.00p each on Wednesday in London.
By Tapan Panchal; [email protected]
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