Richmond Hill Resources Raises £285,010 in Share Placement

Bitget2026/10/16 06:05

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Richmond Hill Resources raised £285,010 in gross proceeds through a placing of 25,910,000 new ordinary shares at 1.1 pence each.
Net proceeds will fund general working capital and planned drilling at the Sakoose target within the Martello Gold Project.
Drilling is expected to begin by November 30, 2026, subject to rig availability and ground conditions.
The new shares are expected to begin trading on AIM around October 23, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Richmond Hill Resources plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610160200PR_NEWS_PRUKDSCX_0014) on October 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Richmond Hill Resources Raises £285,010 in Share Placement

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