Chief executive Patrick Cullen, finance director James Bill and non-executive director David Cockbill all took part in the fundraise
Irish gold explorer Company PLC () 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.
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.
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