25
Mar
13:20
Mkango raises funds to advance UK, German magnet recycling
Canada’s Mkango Resources said Monday it has conditionally raised £750,000 ($948,000) to advance rare earth magnet recycling in the UK and Germany, Kallanish reports.
The funds were raised through the issuance of 15 million subscription shares for £0.05/share in a private placement. The offer price represents a discount of 25.7% and 21.8% to the trailing five-day volume weighted average price of the company’s shares on AIM and TSX-V, respec…
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