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Asiamet Resources ( (GB:ARS) ) has issued an update.
Asiamet Resources Limited has successfully completed the second tranche of its subscription with BUMA, raising approximately US$1.5 million through the issuance of 141,909,995 shares. This brings the total gross proceeds from the subscription to approximately £1.9 million (US$2.5 million). Following the admission of these shares to trading on AIM, BUMA will hold a 44.6% stake in Asiamet, significantly impacting the company’s shareholder structure.
More about Asiamet Resources
Asiamet Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources, primarily copper, in Asia. The company is actively engaged in advancing its projects to capitalize on the growing demand for copper, a critical component in various industries.
Average Trading Volume: 2,041,220
Technical Sentiment Signal: Hold
Current Market Cap: £31.48M
Learn more about ARS stock on TipRanks’ Stock Analysis page.