Anglesey Mining PLC (AIM:AYM) has raised a gross £325,000 through a placing and a further £90,000 via a direct subscription, both at 1p a share.
The issue price was around a 16.7% discount to yesterday’s close.
WH Ireland was the bookrunner for the placing component of the fund raise with senior directors backing the subscription.
Money raised will be used for corporate and operational strategy at its Parys Mountain project in Wales, Anglesey added.
Other initiatives are being assessed to support its cash position, aid the statement