Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Arkle raises £0.27m to advance lithium programme

(Sharecast News) - Irish gold and zine explorer Arkle Resources announced on Thursday that it has raised £0.27m before expenses to advance its lithium programme. The AIM-traded firm said it raised the funds by placing 108,000,000 new shares at a price of 0.25p each.

Each placing share included one warrant, allowing the holder to subscribe for one new share at 0.35p apiece over a two-year period.

The board said the funds generated from the placing would primarily be allocated towards Arkle's recently-unveiled lithium exploration programme.

They would also support general corporate activities.

At 0903 BST, shares in Arkle Resources were flat at 0.29p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Thor posts strong first half, lowers full-year production guidance
(Sharecast News) - Gold explorers and miner Thor Explorations reported a solid first-half performance on Friday, although it lowered its full-year production guidance.
Trinity delays publication of scheme document for its takeover
(Sharecast News) - Trinity Exploration & Production announced a delay in the publication of the scheme document related to its recommended cash acquisition by Lease Operators on Friday.
Celadon confident in seeing through funding challenges
(Sharecast News) - Cannabis-based medicines specialist Celadon Pharmaceuticals updated the market on its financial position on Friday, amid ongoing challenges related to delays in expected funding.
Sound Energy inks bridge finance deal ahead of SEME sale completion
(Sharecast News) - Sound Energy has entered into a bridge financing facility agreement for up to £1.5m, it announced on Friday.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.