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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Connemara | LSE:CON | London | Ordinary Share | IE00B2357X72 | ORD EUR0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.15 | 1.10 | 1.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMCON
RNS Number : 9717N
Connemara Mining Company plc
15 August 2017
15(th) August 2017
Connemara Mining Company plc
("Connemara" or "the Company")
Placing
The board of Connemara Mining (AIM: CON) is pleased to announce that it has raised GBP135,000 by way of a placing of 7,848,837 new ordinary shares of EUR0.01 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 15(th) August 2019.
The net proceeds of the Placing will be used for working capital purposes.
Proposed Subscription by Directors
In 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.
A further announcement will be made in due course.
Connemara 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.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
ENDS
Enquiries:
Hot Features
Premium
Connemara Mining Company
Plc
John Teeling, Chairman +353 (0) 1 833 2833
Jim Finn, Director
Northland Capital Partners
Limited
Matthew Johnson / Gerry +44 (0) 203 861
Beaney 6625
John Howes
+44 (0) 207 138
Blytheweigh 3204
+44 (0) 783 185
Nick Elwes 1855
+44 (0) 781 784
Camilla Horsfall 1793
Teneo PSG
Ciaran Flynn +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.connemaramining.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBRGDIDGBBGRS
(END) Dow Jones Newswires
August 15, 2017 02:00 ET (06:00 GMT)
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