LONDON, June 12, 2024 /CNW/ - Landore Resources Limited (AIM:LND) ("Landore Resources" or the "Company") is pleased to announce that it has conditionally raised £3.683 million before expenses by way of a two tranche subscription (the "Subscription") of, in aggregate, 153,470,334 new ordinary shares of nil par value each in the capital of the Company ("Ordinary Shares") at a price of 2.4 pence per share (the "Subscription Shares"). The Subscription is being cornerstoned by a new strategic investor, Luso Global Mining B.V. ("LGM"), a subsidiary of the Portuguese quoted Mota-Engil SGPS S.A. (EGL:MOTA.LS), with Mr Alexander Shaw, Managing Director & CEO of LGM, to be appointed as CEO of the Company.
Read more at newswire.caLANDORE RESOURCES LIMITED - £3.683 MILLION EQUITY FUNDRAISE AND PROPOSED CEO APPOINTMENT & DIRECTORATE CHANGE
Newswire.ca - Press Release
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