This announcement is for information purposes only and does not constitute an offer for subscription for any securities in the Company. This announcement does not constitute or contain any invitation, solicitation recommendation, offer or advice to any person to subscribe for or acquire any securities of the Company in any jurisdiction where to do so would breach any applicable law or regulation.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”). Upon the publication of this announcement via a
(“Altona” or “the Company”)
EXTENSION OF FUND RAISE
Altona (AQSE: ANR.PL), a mining exploration company with a new strategic focus on Rare Earth Element (“REE”) mining projects in
As announced on 24 September, the Company is looking to raise up to £500,000 at a price of
The fund raise is being hosted on NR Private Market (https://www.nrprivatemarket.com), the innovative private investment platform for sophisticated and high net worth investors, and is open to all existing shareholders and non-holders.
The capital will be used primarily to commence an initial exploration drilling programme on two of the African Rare Earth projects the Company is in the process of acquiring. These acquisitions will be paid for using Altona ordinary shares, thereby freeing up cash for operational activities. The funds will also be used to complete final legal due diligence on the acquisitions and for working capital purposes. The Company is expectant that it will shortly be in position to acquire a third Rare Earth mining project, also in
For further information, please visit www.altonaenergy.com or contact:
+44 (0) 7795 168 157
+61 (0)402 440 339
+44 (0) 20 3772 0021
|Leander (Financial PR)
||+44 (0) 7795 168 157|
Altona is a mining exploration company focused on the evaluation, development and extraction of Rare Earth Element (REE) metals.
The Company was admitted to trading on AIM on
Information on Minexia and NR Private Markets
Minexia is a fin-tech business which has been in development for four years and launched its investment platform, NR Private Market in Q1 2019, which allows private investors ('Sophisticated' or 'High