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| Home : FinnAust Mining plc has successfully raised GBP 8.5 million |
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Dec 09
2016 |
FinnAust Mining plc has successfully raised GBP 8.5 million |
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LONDON, UNITED KINGDOM--(Marketwired - Dec. 9, 2016) - FinnAust Mining plc ('FinnAust' or the 'Company') (AIM:FAM)(FRANKFURT:S5WA), the AIM listed exploration and development company with projects in Greenland & Finland is pleased to announce that it has successfully raised £8.5 million from the issue of 76,428,572 new ordinary shares of 0.01 pence each in the capital of the Company ('New Placing Shares') and the placing of 45,000,000 existing ordinary shares of 0.01 pence each in the capital of the Company ('Existing Shares') at a placing price of 7 pence per share (together 'the Placing'). Both new and existing investors were procured by the Company's brokers SP Angel Corporate Finance LLP ('SP Angel') and Mirabaud Securities LLP ('Mirabaud') who were appointed as placing agents. The Placing was significantly over-subscribed. The Existing Shares were made available to investors by Western Areas Limited ('Western Areas'), the largest shareholder of FinnAust. |
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| Source:http://www.marketwired.com/mw/release.do?id=2182076&sourceType=3 |
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