Aminex raises £1.67 million through share placing

25th June, 2015
Aminex directors subscribed for around 4.87 per cent of the share placing

Aminex has raised £1.67 million (€2.35 million) through the issue of new shares at a price of 1.9 pence sterling per share.

The exploration company said the proceeds would be used to fund planning for its Ntorya-2 appraisal well in Tanzania, the Ntorya-1 side-track well and working capital including general administrative and ongoing refinancing expenses.

"We are delighted with the support we have received for this placing, which attests to Aminex having an attractive blend of...

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