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Landore Resources raises £1mln through a share subscription of 50,000,000 at a price of 2.0p each

In a brief statement, the Canada-focused miner said the monies raised will be used by the company to finance working capital and exploration expenditure
Money
The subscription price represents a premium of approximately 3.9% to last night’s closing middle market price of 1.93p per ordinary share

Landore Resources Limited (LON:LND) has raised gross proceeds of £1mln through a subscription of 50,000,000 new ordinary shares at a price of 2.0p each.

The subscription price represents a premium of approximately 3.9% to last night’s closing middle market price of 1.93p per ordinary share.

READ: Landore Resources demonstrates exceptional recoveries from core at BAM East

In a brief statement, the Canada-focused miner said the monies raised will be used by the company to finance working capital and exploration expenditure.

Landore said three of its directors - William Humphries, Richard Pricket, and Helen Green - will see their disclosable interests in the firm rise after taking part in the subscription.

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Landore Resources Ltd. Timeline

Article
November 06 2017

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