ALBA closed on Friday up 151.43% at 2.2p !! As far as I could see there was no news so can anybody proffer an opinion as to what caused this? I'm a novice at all this so if the answer is obvious I wont be offended !! :) But curious all the same !!

opportunity knocks - red day - dilution rns..................

RNS Number : 1365K
Alba Mineral Resources PLC
19 September 2016

19 September 2016
Alba Mineral Resources plc
("Alba" or "the Company")

Placing to raise £900,000

Alba Mineral Resources plc (AIM: ALBA), the UK-based exploration company, is pleased to announce that it has raised £900,000 (before expenses) through the issue of 450,000,000 new ordinary shares at a price of 0.2 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission"). The Placing was oversubscribed.

The placing proceeds will be principally used to advance the Company's interests across its existing portfolio of assets in the onshore UK oil and gas sector (Horse Hill and Brockham), its mining exploration portfolio in Greenland (graphite), Ireland (base metals/gold) and Mauritania (uranium), for the evaluation of further project or investment opportunities and for general working capital purposes.

Admission to AIM

Application will be made for the new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 3 October 2016. The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares.

Total Voting Rights

Following Admission, the total number of ordinary shares in issue will be 1,810,578,093. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 1,810,578,093. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.