Connemara raises £1m through share placing

Connemara Mining, the AIM listed zinc exploration company, has raised £1.06m through a placing of 5,283,000 new ordinary shares of €0.01 each at a price of 20 pence per ordinary share, it was announced.

The proceeds from the placing will finance expected drilling at the Stonepark zinc discovery in Limerick and a new drilling programme on licences adjacent to the Lisheen zinc mine.