Arkle placement and Glencore funding ‘strong endorsement’ of Stonepark

Irish gold and zinc exploration company Arkle Resources has undertaken a placing to raise £250 000 for exploration at the Stonepark joint venture (JV), which it owns with TSX-V-listed Group Eleven. The company will issue 33 3333 333 new shares at 0.75 p a share to raise the funds, which it will use for further exploration activities at Stonepark, in Limerick.