Client NewsUpland Resources Limited: Result of Oversubscribed Fundraise
Upland Resources Limited (LSE: UPL) is pleased to announce that following the announcement on 20 February 2023 in respect of the proposed fundraise (“the Fundraise”) by way of direct subscription with investors (“the Subscription”) and placing through house broker Optiva Securities Limited (“the Placing”), that the Fundraise has now raised gross proceeds of approximately £1.705 million at a price of 0.6p per new ordinary shares (“Fundraising Price”) of no par value in the capital of the Company (“Ordinary Shares”) conditional upon inter alia the Company publishing a prospectus approved by the Financial Conduct Authority (“Prospectus”) and admission to the Main Market and Standard Segment of Official List of those Ordinary Shares (“Admission”).
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