By Devika Patel
Knoxville, Tenn., Nov. 1 - Herencia Resources plc said it has raised £2.6 million in a private placement of shares.
The company sold 173,333,333 ordinary shares at 1.5p apiece.
Proceeds will be used to advance the company's Paguanta project in northern Chile.
Based in Perth, Western Australia, Herencia Resources is a mineral exploration and development company with a focus on identifying resource opportunities in South America. It has a number of zinc-silver-lead and copper-gold project areas in northern Chile, including the Paguanta zinc-silver-lead epithermal vein system.
| Issuer: | Herencia Resources plc
|
| Issue: | Ordinary shares
|
| Amount: | £2.6 million
|
| Shares: | 173,333,333
|
| Price: | 1.5p
|
| Pricing date: | Nov. 1
|
| Stock symbol: | London: HER
|
| Stock price: | 2p at close Oct. 31
|
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