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AfriTin raises £13M in oversubscribed placing

Tin miner AfriTin has raised £13 million in an oversubscribed placing as it pushes to fast-track expansion of phase one of its Uis tin mine in Namibia.

AfriTin raises £13M in oversubscribed placing AfriTin raises £13M in oversubscribed placing AfriTin raises £13M in oversubscribed placing AfriTin raises £13M in oversubscribed placing AfriTin raises £13M in oversubscribed placing

AfriTin Mining's Uis tin mine in Namibia

The placing, via an accelerated bookbuild of over 216 million shares issued at 6p each, marked a 12.5% discount to Tuesday's closing price.