Phoenix Copper raises £0.5m to strengthen capital position.
Phoenix Copper announced on Friday that it has raised £0.5m through a share placing to strengthen its working capital position, as it progressed plans for a larger $75m copper bond issuance.
Phoenix Copper Limited
13 June 2025 15:20:47
Source: Sharecast
The AIM-traded, US-focused metals company said it issued 12.5 million new shares at 4p per share in response to investor demand.
It said the proceeds would support operations while the company finalised the proposed bond placement, which was announced on 12 June.
Application had been made for the new shares to be admitted to trading on AIM, with admission expected to take effect at 0800 on 18 June.
The placing shares would rank pari passu with existing ordinary shares.
Following admission, Phoenix Copper would have 224,537,300 shares in issue.
At 1501 BST, shares in Phoenix Copper were down 11.33% at 4.66p.
Reporting by Josh White for Sharecast.com.
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
