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African Eagle Resource raise £9.5m

Wednesday, 25th April 2012
African Eagle Resources has raised £9.5m from a placing and open offer.

There was a placing of 200,000,000 new ordinary shares at 4p per share to institutional and other investors which yielded gross proceeds of £8m.

In addition it has received applications from eligible shareholders for the open offer of 38,918,709 shares at 4p each which produced gross proceeds of £1,556,748.




At 10:25am: (LON:AFE) African Eagle Resources share price was 0p at 4.25p



Story provided by StockMarketWire.com

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