Business
£3.15 million Fundraising
£3.15 million Fundraising.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 0166I Landore Resources Limited 16 March 2018 \n\nTHIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \nLandore Resources Limited\n(\"Landore Resources\" or the \"Company\")\n(AIM Ticker: LND.L)\n£3.15 million Fundraising\nLandore Resources Limited (AIM:LND), is pleased to announce it has raised gross proceeds of £3.15m through a placing and subscription of 210,000,000 new Ordinary Shares at a price of 1.5 pence per new Ordinary Share with new and existing institutional investors in the Company and the issue of 210,000,000 Warrants (collectively, the \"Fundraising\").\nHighlights\nA total of 196,000,000 new Ordinary Shares in the Company have been placed with institutional investors (the \"Placing\") and a total of 14,000,000 new Ordinary Shares in the Company were subscribed for by certain existing investors (together the \"New Ordinary Shares\"), together raising net proceeds of £3.15 million (C$ 5.76 million) at a price of 1.5 pence per New Ordinary Share, a 13.29 per cent. discount to the closing mid-market price of an Ordinary Share on 15 March 2018 (the latest practicable date prior to this Announcement) being 1.73 pence. \n· The holders of the New Ordinary Shares will be issued one warrant to subscribe for one Ordinary Share for every one New Ordinary Share acquired by them.\n· The New Ordinary Shares will represent, in aggregate, approximately 20.1 per...