Anglesey Mining (GB:AYM) has released an update.
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Anglesey Mining Plc aims to raise approximately £415,000 through a combination of a placing and subscription of new ordinary shares, targeting institutional investors and including participation from company directors. The issue price is set at a discount of 16.67% to the recent closing price, with the funds intended for development work, debt repayment, and general corporate purposes. The fundraising is not underwritten and is contingent on various conditions, including admission of the shares to trading on AIM.
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