logo-loader
Arkle Resources PLC

Connemara Mining raises £230,000 to help fund exploration activities at Mine River gold project

Chief executive Patrick Cullen, finance director James Bill and non-executive director David Cockbill all took part in the fundraise

wicklow, ireland
Mine River is located on the border of Wicklow and Wexford, about 50 miles south of Dublin

Irish gold explorer Connemara Mining Company PLC (LON:CON) has raised £230,000 to help support ongoing exploration activities at its Mine River gold project in County Wexford.

Chief executive Patrick Cullen, finance director James Bill and non-executive director David Cockbill all put their hands in their pockets, buying a combined £25,000 worth of shares.

READ: Drilling on schedule at Connemara’s Stonepark zinc project

In total, 18.4mln new shares were issued to directors and other existing shareholders at 1.25p each.

For each share subscribed, investors received one warrant which can be exercised at a price of 1.8p at any time before 11 September 2020.

Connemara said it would provide more details at next week’s general meeting when it will propose changing its name to Arkle Resources PLC.

Shares rose 3.2% to 1.29p on Tuesday afternoon.

Quick facts: Arkle Resources PLC

Price: £0.01

Market: AIM
Market Cap: £1.16 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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 Arkle Resources PLC named herein, including the promotion by the Company of Arkle Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Arkle Resources identifies significant gold anomalies at Mine River project

Top stories from the Proactive Investors UK newsroom. Irish explorer Arkle Resources (LON:ARK) has identified a significant new gold anomaly 850m in length and 1km west of its original Tombreen discovery. Soil sample results using a new methodology have also been...

on 24/7/19

2 min read