Moneybags

More pain at Providence Resources

Date: July 28, 2016 - Moneybags

Gavin O'Reilly

THE SHAREHOLDERS in Providence Resources had much to be annoyed about last year when a share placing caused significant damage to their investment. The March 2015 placing to raise a desperately needed €28m saw the new shares issued at 34c, representing a 94% discount on the April 2013 placing price of €5.90, diluting the existing… Read more »

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