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Phoenix Copper Ltd - US-focused base and precious metals producer and explorer - Proposes a placing and subscription to raise gross proceeds of approximately £2.3 million, and net proceeds of approximately £2.0 million, through the issue of around 460.0 million new shares at the issue price of 0.5 pence per share. The placing is intended to raise approximately £1.7 million, and the subscription approximately £600,000. Also intends to raise about £500,000 through a retail offer, and to issue warrants to all participants in the placing, subscription and retail offer. Says the issue price represents a discount of approximately 54.5% to the closing mid-market price of 1.1p per share on Thursday. Expects to complete all three on or around July 27, subject to the relevant resolutions being passed at the annual general meeting. Current stock price: 1.20 pence 12-month change: down 74% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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