EMED Mining Public Limited, the Europe-based minerals development and exploration company, is pleased to announce that it is proposing to raise up to £64.9 million (US$95.1 million) (before expenses) by the issue of up to 1,366,203,821 New Ordinary Shares at an Issue Price of 4.75 pence per share. The Board is seeking to effect the Capital Raising by way of a Subscription, Placing and Open Offer.
…the announcement continues. Read the entire announcement "Subscription, Placing and Open Offer to raise approximately £64.9 million (US$95.1 million) (“Capital Raising”) at 4.75 pence per share (“Issue Price”)
Capitalisation of Bridge Loan and Convertible Loan Notes" (525KB pdf).