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.