First Class Metals Plc (GB:FCM) has released an update.
First Class Metals PLC, a UK-based metals exploration company, has successfully completed a private placing of over 3 million shares at 2.8 pence each, raising £85,000. The placement included shares loaned by director James Knowles under a Share Lending Agreement, with the expectation of the placing to be finalized by July 18, 2024. Additionally, shares have been issued to cover professional fees and as part of a year-two option payment to Nuinsco Resources Limited, with the total number of voting rights in the company remaining unchanged.
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