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IronRidge raises £12 million in oversubscribed placing | 27 April 2021

27 April 2021 | 13:50pm StockMarketWire.com - IronRidge Resources has raised £12 million before expenses through a subscription for, and placing of, 60 million new ordinary shares. The shares were set at an issue price of 20p per share and the funds will be used to develop the company s gold and lithium projects in Ghana, Cote d Ivoire and Chad in Africa. Vincent Mascolo, CEO of IronRidge, said: Today s news demonstrates, yet again, belief and confidence in the board s strategy to advance further the company s gold and lithium portfolio, with a strong focus on the Ewoyaa Lithium Project in Ghana, which we consider to be an industry-leading asset, and the Zaranou Gold Project in Côte d Ivoire.

IronRidge Resources Ltd (AIM:IRR) | RNS | IronRidge Resources - Subscription and Placing to Raise £12m

Vincent Mascolo, Chief Executive Officer of IronRidge, said: We are delighted by the interest shown in IronRidge by the international equity capital markets and I would like to thank shareholders for their participation in this oversubscribed fundraise.   Today s news demonstrates, yet again, belief and confidence in the Board s strategy to advance further the Company s gold and lithium portfolio, with a strong focus on the Ewoyaa Lithium Project in Ghana, which we consider to be an industry-leading asset, and the Zaranou Gold Project in Côte d Ivoire. The £12m raised puts IronRidge in a strong financial position to capitalise upon the opportunities that it has created itself, particularly as the Company assesses its options to fast track Ewoyaa to production.

Investegate |IronRidge Resources Announcements | IronRidge Resources: Issue of Equity

    IronRidge Resources is an AIM-listed, Africa focussed minerals exploration company with a lithium pegmatite discovery in Ghana, extensive grassroots gold portfolio in Côte d Ivoire and a potential new gold province discovery in Chad. The Company holds legacy iron ore assets in Gabon and a bauxite resource in Australia. IronRidge s strategy is to create and sustain shareholder value through the discovery and development of significant and globally demanded commodities.   Côte d Ivoire The Company entered into conditional earn-in arrangements in Côte d Ivoire, West Africa; securing access rights to highly prospective gold mineralised structures and pegmatite occurrences covering a combined 3,584km

IronRidge Resources Limited raises funds to advance development of gold and lithium projects

IronRidge Resources Limited raises funds to advance development of gold and lithium projects
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