LONDON (ShareCast) - Mineral exploration group Hummingbird Resources has raised £0.5m via a subscription agreement with a long-term shareholder.
The London-listed company said it has issued 1.5m shares at 33p each with a shareholder who is an affiliate of natural resources investment group Sprott Inc.
The group said proceeds will be used to back work at the Yanfolila Gold Project in Mali.
Hummingbird Resources shares were up 0.29% to 34.35p at 11:23 on Friday.
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