Glencar share issue raises €1.84m

THE board of Glencar Mining plc yesterday announced the conditional placing of 18,002,000 new ordinary shares of nominal value €0.031 in the capital of the company at £0.07 (€0.10) per share.

This equates to approximately 8.69% of the existing issued share capital and raising in aggregate £1.26 million (€1.84m) before expenses.