’s () chairman Colin Bird is heavily supporting a new fund raise for the junior miner.
The AIM-listed group intends to raise £220,000 gross at a price of 0.0165p per share, a 10% premium to two days ago.
Bird will directly and indirectly subscribe for around 30% of the new shares to be issued, which will take his own stake to 2.5% with , where he is a director, owning a further 0.6%.
Warrants have also been issued on a 1-2 basis exercisable at 0.02p each.
Xtract is focused on its Manica development in Mozambique where the plan is for an open pit gold mine with a seven year life.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Xtract Resources PLC named herein, including the promotion by the Company of Xtract Resources PLC in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE