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Ascent Resources raises £1m through discounted equity placing; targets ESG metals

StockMarketWire.com

Energy and natural resources company Ascent Resources said it had raised £1 million gross by way of a discounted equity placing.

Ascent Resources also included ESG Metals as a new target sector within its resource focused business.

The company placed 9,997,032 shares at 10.1 pence per share, representing a discount of 12.5% to the closing price on 10 February.

'The company sees waste management, remediation and restoration of land impacted by historic and ongoing mining activities as a critical element in the global ESG agenda and integral to the transition to a low carbon economy,' the company said.

At 8:11am: (LON:AST) Ascent Resources PLC share price was 0p at 5.35p


Story provided by StockMarketWire.com