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Connemara Mining raises £900k to accelerate gold and zinc operations

Patrick Cullen, chief executive of Connemara Mining PLC (LON:CON), tells Proactive's Andrew Scott they've raised £900,000 through the issue of 21,686,747 shares at 4.15p, with Metal Tiger PLC (LON:MTR) subscribing for £200,000.

In conjunction with the fundraising, new board member Patrick Cullen becomes full-time chief executive.

The new cash will allow Connemara to accelerate operations across its gold and zinc portfolio in Ireland.

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Price: 1.175 GBX

AIM:ARK
Market: AIM
Market Cap: £1.55 m
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Arkle Resources PLC's Patrick Cullen details Stonepark strategic review

Arkle Resources PLC's (LON:ARK) Patrick Cullen stopped by for a chat at the Proactive booth at Mines and Money in London 2019. The explorer's announced this week they're examining options for its 23.44% stake in the Stonepark zinc project after it attracted interest from what they describe as...

on 27/11/19

2 min read