Pathfinder announces that it has entered into an agreement to conditionally raise £300,000 before expenses by way of a placing of 60,000,000 new Ordinary shares of 0.01 pence each ( Ordinary Shares ) at a price of 0.50 pence per share ( Placing Shares ) (the Placing ). The net proceeds will provide the Company with additional working capital as it pursues the recovery of its mining licences in Mozambique. Further to the RNS announcements of 16 December 2020 ( Bilateral Investment Treaty Claim - Legal Opinion ), 30 November 2020 ( Recovery of Costs Awards ) and 2 November 2020 ( Company Strategy Update ), the Board believes Pathfinder now has the necessary tools in place to enable it to monetise the licences either through a litigation funded legal claim against the Government of Mozambique or, should a diplomatic resolution be achieved, through the development of the project by a strategic partner. Either outcome should, if achieved, result
Further to the announcement made on 13 January 2021, Corcel Plc, ( Corcel or the Company ), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces the initiation of equity research on the Company by Align Research Limited ( Align ). Except as separately notified by the Company, the information and opinions set out in the Research Note are the sole responsibility of Align Research Ltd and should be construed accordingly. Roland Cornish/ Rosalind Hill Abrahams 020 7628 3396 NOMAD Beaumont Cornish Limited Thomas Smith 020 7392 1432 Broker Monecor (London) Ltd (ETX Capital) Simon Woods 0207 3900 230 IR Vigo Communications
This information is pro