Back

BRES

0.00%
NEUTRAL

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.

PLACING