Providence plans €18m fundraising round

PUBLICLY-QUOTED exploration company Providence Resources will raise up to €18 million after getting approval from shareholders for a new fundraising round yesterday.

Providence plans €18m fundraising round
Fri, 30 Apr, 2004 - 01:00
David Clerkin

The company will bank €10.2m from the issue of new shares and a further €3.2m when existing shareholders take up a rights issue.

The rights issue will be fully underwritten by Davy stockbrokers.

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