Blencowe Resources Completes Retail Offer
Why we think this is neutral
The RNS announcement indicates the completion of a retail offer, which is a standard corporate action and does not provide significant new information about the company's performance or outlook.
Key Points
- Retail offer raised £86,961.87
- 2,898,729 new ordinary shares issued at 3 pence each
- New shares to be admitted to trading on 24 April 2025
Summary
The mining company has successfully completed a retail offer, raising additional funds.
Blencowe Resources Plc has announced the results of its retail offer, raising £86,961.87 through the issue of 2,898,729 new ordinary shares at a price of 3 pence each. The new shares will be admitted to trading on the London Stock Exchange on 24 April 2025, ranking pari passu with the existing ordinary shares.
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