First Tin

First Tin announces a conditional equity financing of £6.3m through the subscription of 90 million new ordinary shares at 7 pence each. The measure is subject to shareholder approval at the general meeting on 11 December; if approved the shares are expected to be tradeable from 15 December. The bulk of the proceeds are intended for the Taronga project in Australia (feasibility study, dam-preparation work, access road, mine infrastructure), with part to fund permitting and fieldwork for the German projects Tellerhäuser, Gottesberg and Auersberg. Arlington Group Asset Management acts as broker, and an admission in the category "Equity Shares (Transition)" will be sought. » Mere på de.investing.com

First Tin has agreed a conditional capital increase of £6.3m by subscribing 90m new ordinary shares at 7p each. The proceeds are intended mainly to advance the Taronga project in Australia (including completion of the updated DFS, preparatory works for dam construction, water system, access road and drill site) and to fund permitting and field works for the Tellerhäuser project in Germany. The measure is subject to shareholder approval at the annual general meeting on 11 December; if approved, trading in the new shares is planned to commence on 15 December. » Mere på de.investing.com