Business
Placing
Placing.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9717N Connemara Mining Company plc 15 August 2017 \n\n15th August 2017\n \nConnemara Mining Company plc \n(\"Connemara\" or \"the Company\")\n \nPlacing\n \n \n\n\n\nThe board of Connemara Mining (AIM: CON) is pleased to announce that it has raised £135,000 by way of a placing of 7,848,837 new ordinary shares of €0.01 each in the Company (\"Ordinary Shares\") at a price of 1.72p per share (the \"Placing Shares\") (the \"Placing\"). For each Placing Share subscribed for, the investors are also receiving one warrant to subscribe for an additional Ordinary Share at a price of 3.4p per share at any time until 15th August 2019. \n \nThe net proceeds of the Placing will be used for working capital purposes.\n \nProposed Subscription by Directors\nIn addition to the Placing, the Board has been advised that John Teeling and James Finn, both directors of the Company, each intend to subscribe for 2,906,977 and 872,093 new Ordinary Shares respectively on the same terms as the Placing, following the announcement of the Placing. \n \nA further announcement will be made in due course.\n\n \n\n \nConnemara is an active exploration company with principal assets in gold, zinc and lead exploration licences in Ireland. The company holds interests in 35 licences and has joint ventures with Teck and Hendrick Resources.\n\n \n\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.\n \nENDS\n \n\n\n \nEnquiries:\n \n\n\n\n\nConnemara Mining Company Plc\n\n\n\n\n\n\n\nJohn Teeling, Chairman\n\n\n+353 (0) 1 833 2833\n\n\n\n\nJim Finn, Director\n\n\n\n\n\n\n\nNorthland Capital Partners Limited \n\n\n\n\n\n\n\nMatthew Johnson / Gerry Beaney\n\n\n+44 (0) 203 861 6625\n\n\n\n\nJohn Howes \n\n\n\n\n\n\n\nBlytheweigh\n\n\n+44 (0) 207 138 3204\n\n\n\n\nNick Elwes\n\n\n+44 (0) 783 185 1855\n\n\n\n\nCamilla Horsfall\n\n\n+44 (0) 781 784 1793\n\n\n\n\nTeneo PSG\n\n\n\n\n\n\n\nCiaran Flynn\n\n\n+353 (0) 1 661 4055\n\n\n\n\nAlan Tyrrell\n\n\n+353 (0) 1 661 4055\n\n\n\n\n \nwww.connemaramining.com\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCBRGDIDGBBGRS\n ","length":6052,"tagName":"div"}]