Ironveld (IRON)

Sector:

Support

Index:

FTSE AIM All-Share

0.090p
   
  • Change Today:
    -0.053p
  • 52 Week High: 0.39
  • 52 Week Low: 0.073
  • Currency: UK Pounds
  • Shares Issued: 3,935.00m
  • Volume: 47,589,261
  • Market Cap: £3.54m

Ironveld to get £5.6m investment from Grosvenor Resources

By Josh White

Date: Friday 22 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Ironveld announced a proposed new major investment by Grosvenor Resources on Friday.

The AIM-traded firm said that conditional only on shareholder approval, Grosvenor would invest £5.6m in the company via a subscription for 561,505,950 new ordinary shares in the company.

The two companies said they agreed that Grosvenor would nominate two non-executive Directors to Ironveld's board, following completion of the subscription.

Ironveld said the subscription remained conditional on shareholder approval being granted at a general meeting.

"We are delighted to be able to announce this transaction today, which has taken a great deal of hard work by the teams on both sides over many months," said chief executive officer Martin Eales.

"Ironveld is issuing new equity at a large premium with a supportive new partner.

"Grosvenor is taking a substantial stake in Ironveld and is focused on ensuring near-term development of Ironveld's project for the benefit of all shareholders."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ironveld Market Data

Currency UK Pounds
Share Price 0.090p
Change Today -0.053p
% Change -36.84 %
52 Week High 0.39
52 Week Low 0.073
Volume 47,589,261
Shares Issued 3,935.00m
Market Cap £3.54m

Ironveld Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.27% above the market average37.27% above the market average37.27% above the market average37.27% above the market average37.27% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Price Trend
89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average89.03% below the market average
96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average
Income Not Available
Growth Not Available

Ironveld Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:19 5,000,000 @ 0.090p
14:07 566,873 @ 0.083p
13:53 5,000,000 @ 0.090p
13:50 597,371 @ 0.084p
13:49 250,000 @ 0.084p

Ironveld Key Personnel

CEO Martin Eales

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