Mount Everest Gold Completes Partial Share Subscription, Raises HK$34.9 Million

China Silver Group Ltd. ( (HK:0815) ) has provided an update.

Mount Everest Gold has completed a partial tranche of its previously announced share subscription plan, issuing 21.7 million new shares at HK$1.61 each under two subscription agreements, raising net proceeds of about HK$34.87 million. The new shares represent roughly 1.72% of Mount Everest Gold’s enlarged share capital and form part of a broader series of subscriptions that constitute a very substantial disposal and deemed disposal for China Silver; the remaining 225.8 million shares are expected to be issued in subsequent completions, which will further dilute existing holders but strengthen Mount Everest Gold’s capital base in line with earlier disclosures.

The most recent analyst rating on (HK:0815) stock is a Hold with a HK$0.68 price target. To see the full list of analyst forecasts on China Silver Group Ltd. stock, see the HK:0815 Stock Forecast page.

More about China Silver Group Ltd.

China Silver Group Limited and Mount Everest Gold Group Company Limited are Hong Kong-listed companies engaged in the precious metals sector, with Mount Everest Gold focusing on gold-related operations and capital market activities. Both companies are incorporated in the Cayman Islands and access equity financing through share subscriptions under general mandates on the Hong Kong Stock Exchange.

Average Trading Volume: 83,803,861

Technical Sentiment Signal: Buy

Current Market Cap: HK$2.12B

See more data about 0815 stock on TipRanks’ Stock Analysis page.