StockMarketWire.com - Landore Resources has raised approximately C$2.259 million, gross, through a subscription of 71,843,000 new ordinary shares at 1.7p apiece.

The issue price represents a premium of approximately 1.5% to the closing middle market price of 1.675 pence per ordinary share on 9 June.

The net proceeds will be used to finance working capital and exploration expenditure on the Junior Lake BAM East Gold prospect.


At 9:32am: [LON:LND] Landore Resources Ltd share price was 0p at 1.68p



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