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Churchill Mining PLC (CHLL.L)

CHLL.L on London Stock Exchange

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Churchill Mining plc announces issue of equity and warrants
Friday, 2 Oct 2015 02:00am EDT 

Churchill Mining plc:Says that it has conditionally raised 750,000 pounds before expenses through a placing and subscription of 4,166,664 new ordinary shares of 1p each at a price of 18p per share.Together with issue of warrants over ordinary shares on the basis of one warrant for every two placing Shares exercisable at a price of 27p per ordinary share expiring on Oct. 31, 2018.Net proceeds of placing will provide the company with additional funding to progess its international arbitration claim against the Republic of Indonesia at the International Centre for Settlement of Investment Disputes in Washington DC and for general working capital.  Full Article

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