Anglesey Mining to Raise GBP500,000 via Share placing

By Ian Walker

Anglesey Mining said Tuesday that it is planning to raise 500,000 pounds ($641,300) via a share placing and will use the money toward the Northern Copper Zone at Parys Mountain in North Wales, the Grangesberg iron ore mine in Sweden and for working capital.

The mining company plans to issue shares at 1.5 pence each via a bookbuild program, in line with its closing price on Monday.