Amigo Resources (LSE:AMGO) announced a new equity raise, with share subscriptions priced at 2.2p, to bank gross proceeds of just over £3.07m to support its strategy.
The small-cap company said the net proceeds will be used for general working capital and to support a potential initial reverse transaction that the company continues to seek.
It noted that no terms for any deal have yet been agreed, and there is no certainty that such a deal will occur.
