Following the news earlier this week that Armadale Capital has updated metallurgical work at its 80%-owned Mpokoto project in the DRC’s Katanga Province, the company has now raised £420,000 to advance the project through to the completion of a feasibility study by the end of the year.
The company placed 14.0 million new shares at a price of GBp3/share with institutional and other investors and following the admission of these shares the company will have 88.0 million shares issued.
Armadale raises £420,000 to progress Mpokoto feasibility study: ACP