GoldBridges Global Resources raises £3.4 million

1 minute read
01 April 2015

On 20 April 2015, GoldBridges Global Resources plc (AIM: GBGR) announced that it had raised gross proceeds of £3.4 million through a subscription of 123,000,000 new ordinary shares at 2.8 pence apiece - a premium of 6.67% to the closing price on 17 April.

The net proceeds will be used for general working capital purposes, and will form part of the funding to enable the company to develop the underground mine at Sekisovskoye in Kazakhstan in accordance with its business plan.

The firm was counsel to GoldBridges in this transaction with a team that included Charles Bond, David Brennan and Victoria Yao.

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