By Michele Maatouk
Date: Tuesday 22 Nov 2016
LONDON (ShareCast) - (ShareCast News) - AIM-listed FinnAust Mining said it is in discussions with investors to potentially raise up to £5m from a placing of new ordinary shares to fund feasibility studies, among other things.
The group said the proceeds would also be used to fund an environmental impact assessment, a social impact assessment, a resource assessment and detailed engineering studies at the Pituffik Titanium Project in Greenland, as well as for general working capital purposes.
FinnAust said a further announcement will be made once discussions with investors are concluded.
At 1320 GMT FinnAust shares were up 3.6% to 8.42p.
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Currency | UK Pounds |
Share Price | 0.33p |
Change Today | 0.005p |
% Change | 1.54 % |
52 Week High | 2.62 |
52 Week Low | 0.27 |
Volume | 6,985,084 |
Shares Issued | 1,506.06m |
Market Cap | £4.97m |
RiskGrade | 406 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
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No dividends found |
Time | Volume / Share Price |
16:35 | 115,275 @ 0.33p |
16:35 | 115,275 @ 0.33p |
16:27 | 552 @ 0.34p |
16:27 | 43,843 @ 0.34p |
16:27 | 1,500,000 @ 0.33p |
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