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08:00am	What are the key issues for investors in South Africa's 2024 election?	RE

URA Holdings raises GBP1 million to reopen emerald mine

November 21, 2023 at 07:24 am EST

URA Holdings PLC - Africa-focused mineral exploration - Raises GBP1.0 million from the sale of 80.0 million new shares at 1.25 pence each. The cplacing and subscription is conducted as an accelerated bookbuild by Capital Plus and Peterhouse Capital. Chair Edward Nealon and three other directors buy a total of 11.1 million of the shares. URA had raised GBP240,000 in equity at the start of September. Like those funds, the fresh cash will be used to restart mining and processing operations at the Gravellotte emerald mine in South Africa. First emerald production is expected in the first quarter of 2024.

Current stock price: 1.28 pence, down 22% in London on Tuesday for GBP2.2 million market capitalisation

12-month change: down 1.6%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	2,088 PTS	+0.55%	+3.63%	-
DOW JONES AFRICA TITANS 50 INDEX	487.9 PTS	+0.02%	+3.36%	-
S&P AFRICA 40 INDEX	168.2 PTS	+0.75%	+3.96%	-
URA HOLDINGS PLC	1.775 GBX	-1.39%	-6.58%	6.3M

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