Business
Further re fund raising
Further re fund raising.
About this update from Aterian Plc
[{"type":"text","content":"\n \nRNS Number : 6108H Equatorial Mining & Exploration PLC 13 March 2018 \n\n13 March 2018\n \nEquatorial Mining & Exploration Plc (\"EME\" or the \"Company\")\n \nUpdate Regarding Fund Raise\n \nFurther to the announcement of 27th February, the Company announces that it has raised £40,000 through the issue of 5% Unsecured Irredeemable Convertible Loan Notes 2018. The Conversion price is 0.41p per ordinary share. The Company also anticipates that further funds will be received during this month through the exercise of the 0.01p Warrants in issue to bring the total amount raised to the minimum £50,000 which the Company requires.\n \nNicholas Nelson, Chairman, commented:\n \n\"We are pleased that certain long standing shareholders and a new investor have agreed to invest and it is noteworthy that the investment has been made at the prevailing NEX quoted share price.\n \n\"This small injection of working capital is vital for the continuation of our coal mining project in Nigeria and I am confident of returning to coal production by the end of March.\"\n \n \n \nEnquiries: \n \n\n\n\n\nEquatorial Mining & Exploration Plc:\nNicholas Nelson, Executive Chairman\n\n\n \[email protected]\n\n\n\n\nNEX Exchange Adviser and Broker\nAlexander David Securities\nJames Dewhurst\n\n\n \n+44 (0) 207 448 9820\n \n\n\n\n\n \n \nThe Directors take responsibility for this announcement.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END NEXJJMFTMBBBBJP\n ","length":3361,"tagName":"div"}]