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Wednesday, August 5, 2020 - 1:46:36 PM
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Mining News Pro - Perth-based Castillo Copper is expected to start share trading on the London Stock Exchange on August 4.
As part of its dual listing process, the base metals explorer is placing more than 79.11-million ordinary shares, along with unlisted attached options on a one-for-one basis to raise A$2.4-million before costs, at a price of 3.2c each with UK investors.
The company would also issue a further 1.76-million shares and 1.58-million unlisted options to its corporate broker as remuneration for the capital raise.
Castillo is expecting that more than one-billion shares will trade on the LSE.
Castillo holds a number of copper tenements in Australia and Zambia, including the Mt Oxide project, in Queensland, the Cangai copper mine in New South Wales, and four prospective assets in Zambia.
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