By Anthony O. Goriainoff
Landore Resources said that it will carry out a fundraise to facilitate its dual listing in Canada’s TSX Venture Exchange, and that it will seek shareholder approval at an extraordinary general meeting to be held Oct. 23.
The London-listed mining company said Friday that it expects to raise from 3.5 million Canadian dollars to 5.0 million Canadian dollars ($2.6 million to $3.6 million). It added that it needed to provide confirmation of a certain minimum working capital and financial resources at the time of listing as a precondition to admission.
“Whilst the proposed fundraising will focus on the Canadian markets, the company also expects to provide U.K. based shareholders and new U.K./European investors with an opportunity to participate in the proposed fundraising,” it said.
Write to Anthony O. Goriainoff at [email protected]
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