Capital Metals Announces WRAP Retail Offer for up to £300,000
Why we think this is neutral
The RNS announces a WRAP Retail Offer for up to £300,000, which is a standard equity fundraising activity. There are no clear positive or negative signals in the announcement, so a neutral sentiment score is appropriate.
Key Points
- WRAP Retail Offer for up to £300,000
- Issue of up to 12,000,000 new ordinary shares at 2.5 pence per share
- Proceeds to be used for the same purposes as the Ambeon Capital investment
- Offer open to eligible investors in the UK, including existing shareholders
Summary
The mineral sands company is raising up to £300,000 through a retail offer on the Winterflood Retail Access Platform.
Capital Metals plc (AIM: CMET) is conducting a WRAP Retail Offer for up to £300,000 through the issue of new ordinary shares at 2.5 pence per share. The proceeds will be used for the same purposes as the US$2 million strategic investment by Ambeon Capital PLC announced earlier today. The WRAP Retail Offer is open to eligible investors in the UK, including existing shareholders of the Company.
PLACING