African Eagle Resources PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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African Eagle Resources PLC Raise GBP300,000
African Eagle Resources PLC announced it has conditionally raised net proceeds of GBP300,000 through a placing of 171,428,571 new ordinary shares of 0.1p each in the Company at a price of 0.175 pence per Placing Share with certain existing shareholders and directors. The Issue Price represents a discount of approximately 41.7% to the closing middle market price of 0.3 pence per ordinary share on 13 September 2013, being the last trading day prior to this announcement. The net proceeds of the Placing will be used to fund the general working capital requirements of the Company. The Placing Shares represent approximately 19.7% of the enlarged issued share capital.
Latest Developments for African Eagle Resources PLC
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- African Eagle Resources PLC Chief Executive Officer Step Down
- African Eagle Resources Plc Announces Correction Of Prior Announcement With Regard To Terms Of 2010 Transaction With Jacana Resources Ltd
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