Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Shefa Yamim raises £250,000 to fund advancement of Kishon Mid-Reach project

The proceeds would be used to advance a project in Zone 1 of the Kishon Mid-Reach area towards trial mining as well as progressing with bulk sampling at Zone 2
Cash
312,500 new shares were subscribed at a placing price of 80p each

Shefa Yamim (ATM) Ltd (LON:SEFA) has raised £250,000 through a subscription of new shares to fund the advancement of its activities at the Kishon Mid-Reach project in Israel.

The precious stones miner said 312,500 new shares had been subscribed at a placing price of 80p each, a 13.5% discount on its last close price of 92.5p.

WATCH: Jewellery designer Yossi Harari delighted to be working with Shefa Yamim

The proceeds of the subscription would be used to advance a project in Zone 1 of the Kishon Mid-Reach area towards trial mining as well as progressing with bulk sampling at Zone 2 of the same area.

Shefa added that a Technical Economic Evaluation (TEE) of its Kishon Mid-Reach Zone 1 exploration target, was progressing and the company was at an “advanced stage” of building the economic profile as it progressed towards trial mining.

View full SEFA profile View Profile

Shefa Yamim (ATM) Timeline

Related Articles

vanadium periodic table symbol
November 02 2018
The study demonstrates a viable open-pit mining operation with a positive business case.
1539311825_azm-ghana-map-jpg-757.jpg
October 12 2018
The company is working with Ibaera Capital to develop its project and bring it into production.
Funding sign
November 05 2018
Shortfall shares are to be distributed to sophisticated and ineligible shareholders.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use