First Class Metals Plc (GB:FCM) has released an update.
First Class Metals PLC, the UK-based metals exploration company, has successfully settled a share loan with director James Knowles by issuing new shares and has also completed a share placing to raise £256,500 for continued exploration in Ontario, Canada. The private placing was facilitated through Axis Capital Markets, the company’s new broker, and will fund expansion activities, particularly on the promising Dead Otter Trend project. The proceeds will also support other core projects and general working capital needs.
For further insights into GB:FCM stock, check out TipRanks’ Stock Analysis page.
