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London Stock Exchange RNS: Fundraising of £230,000

By 22 March 2019 No Comments

Connemara Mining Company plc (“Connemara” or the “Company”) Fundraising of £230,000 Connemara Mining Company plc (LON: CON), the Irish gold and zinc exploraon and development company, is pleased to announce that it has raised £230,000 from directors and exisng shareholders, by way of a placing of 18,400,000 new ordinary shares (“the Placing Shares”) at a price of 1.25p per ordinary share (“the Placing”). For each new share subscribed, the investor will be entled to one warrant to subscribe for an addional ordinary share at a price of 1.8p per share at any me before 11 September 2020. The funding will be used to complement working capital as well as to support ongoing exploraon acvies on the Company’s Mine River Gold Project, located in counes Wicklow and Wexford. The Company looks forward to updang shareholders following the extraordinary general meeng on 12 March 2019 regarding the proposed Company….

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