"We are pleased to welcome new shareholders to our register which share the board's vision for the company."
() has raised £400,000 in a share placing to support the company’s CS Pozzolan-Perlite Project in Nevada, USA.
Some 285.7mln new shares are being sold at a price of 0.14p each.
In a statement the company said that it will use the new capital will be used as it continues mine planning and permitting process work, and, as it continues customer trials of its cement ingredient products.
"We are pleased to welcome new shareholders to our register which share the board's vision for the company and we look forward to reporting on future progress as we advance the CS Project towards production and build our customer base," said Patrick Cheetham, Sunrise executive chairman.
The placing was arranged by SVS Securities, which is now named as the company’s joint broker.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Sunrise Resources PLC named herein, including the promotion by the Company of Sunrise Resources PLC in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE