Brief: Phoenix Copper Intends To Raise About 2.2 Mln Stg

Phoenix Copper

26/01/2024 07:37

Jan 26 (Reuters) - Phoenix Copper Ltd  PXC.L :
    * PROPOSED PLACING, SUBSCRIPTION AND RETAIL OFFER
    * PURCHASE OF EQUIPMENT, PROPOSED PLACING, SUBSCRIPTION AND
RETAIL
OFFER
    * ITS INTENTION TO RAISE APPROXIMATELY £2.2 MILLION
    * REMAINS IN ADVANCED DISCUSSIONS ON ITS PROPOSED CORPORATE
COPPER
BOND FINANCING
    * IF NEW FACILITY IS NOT PUT IN PLACE BEFORE 23 MARCH 2024,
COMPANY WILL BE REQUIRED TO SEEK ALTERNATIVE SOURCES OF FUNDING
    * TO RAISE ABOUT £2.2 MILLION THROUGH ISSUE OF NEW ORDINARY
SHARES
OF NO PAR VALUE IN CAPITAL OF COMPANY AT 11.5 PENCE PER ORDINARY
SHARE

Source text for Eikon:  ID:nRSZ9834Aa 
Further company coverage:  PXC.L 

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