Cyprus-based copper and gold exploration and development company Chesterfield Resources has raised £630 000 by way of a conditional placing and subscription of 12-million new ordinary shares.
The shares are at a par value of 0.1p in the capital of the company, with new and existing shareholders at a price of 5.25p per placing share, a 23% discount to the five-day volume weighted average share price of 6.85p.