MetalNRG PLC's (LON:MNRG) Rolf Gerritsen catches up with Proactive London's Katie Pilbeam after their oversubscribed £2.3mln share placing.
Gerritsen explains that this is all conditional on the prospective being approved by the FSA which is currently in process and 'looks forward to putting the money to good use'.
Once this is all finalised the funds will be used on a variety of projects including the Gold Ridge gold project in Arizona and funding BritNRG which Gerritsen will be updating the market on very soon.