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Empire Metals Ltd - minerals exploration and development in Australia - Places new shares to move faster on drilling. Raises £1.7 million through placing 85.0 million new shares at 2 pence each. The net proceeds will be used to accelerate drill programmes at the Eclipse and Gindalbie gold projects in Western Australia, scheduled for the third and fourth quarter. ‘Empire is now fully funded for the expanded drilling campaigns targeting the high-grade discoveries at Eclipse and Gindalbie and for further regional exploration activities across the recently acquired copper-gold projects at Pitfield, Stavely and Walton,’ Empire says.
Current stock price: 1.95 pence, down 12% on Thursday
12-month change: down 19%
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