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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pathfinder Minerals Plc | LSE:PFP | London | Ordinary Share | GB00BYY0JQ23 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.275 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crushed And Broken Limestone | 0 | -376k | -0.0006 | -4.50 | 1.71M |
From May 2019 to May 2024
TIDMPFP
RNS Number : 2575Y
Pathfinder Minerals Plc
01 March 2017
1 March 2017
This announcement contains inside information
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Issue of Equity
Pathfinder announces that it has raised gross proceeds of GBP200,000 via a placing of 20,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at a price of 1p per share (the "Placing"). The proceeds will provide with Company with additional working capital security as it pursues the recovery of its mining licences with the ultimate objective of resuming the development of the Moebase and Naburi mineral sand deposits in Mozambique.
The Company will apply for the admission of the Placing shares to trading on AIM and this is expected to take place on or around 7 March 2017 ("Admission"). Following Admission, the Company's issued share capital will consist of 180,255,079 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the above figure of 180,255,079 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Pathfinder under the FCA's Disclosure and Transparency Rules.
Enquiries:
Pathfinder Minerals Plc
Nick Trew, Chief Executive
Tel. +44 (0)20 3440 7775
WH Ireland Limited (Nomad and Joint Corporate Broker)
Paul Shackleton or James Bavister
Tel. +44 (0)20 7220 1666
Beaufort Securities Limited (Joint Corporate Broker)
Jon Belliss or Elliot Hance
Tel. +44 (0)20 7382 8300
Vigo Communications (Public Relations)
Ben Simons or Ali Roper
Tel. +44 (0)20 7830 9700
Email. pathfinderminerals@vigocomms.com
Notes to Editors:
Pathfinder Minerals Plc is incorporated in England and is admitted to trading on the AIM market of the London Stock Exchange.
CMdN, a subsidiary of Pathfinder, was issued mining concession licences 760C and 4623C on 13 September 2004 and 13 July 2011 respectively, each for a period of twenty-five years. Taken together, these mining concessions cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique, known to contain the heavy minerals, ilmenite, rutile and zircon.
As announced on 3 February 2012, ownership of these licences is being disputed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOELLFVSVDILIID
(END) Dow Jones Newswires
March 01, 2017 09:40 ET (14:40 GMT)
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