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LONDON - Ajax Resources PLC [LSE:AJAX] announced Friday that it has revised the price for the second closing of its subscription offering to 4.5 pence per ordinary share, down from the previously announced 5 pence per share on July 11.
The natural resources investment company is seeking to raise up to £1.5 million through the subscription for new ordinary shares, as initially announced on May 23. The company successfully completed its first closing on June 17, raising gross proceeds of £1 million at 4 pence per ordinary share.
The second closing is scheduled for 11:59 pm BST on Friday, July 25. Ajax Resources plans to announce details regarding the number of ordinary shares issued under this second closing on July 28.
The subscription involves the issuance of new ordinary shares with a nominal value of 1 pence each. The company did not provide reasons for the price adjustment in its press release statement.
Ajax Resources is listed on the London Stock Exchange (LON:LSEG) under the ticker AJAX, with Allenby Capital Limited serving as its financial adviser.
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