Richland Resources Ltd shares tumble more than 25% on equity dilution

  • Jan 13, 2020 GMT
  • Team Kalkine
  • As on January 13, 2020, the group communicated regarding aggregate fundraising of approximately £150,000 (before expenses) through placing of 105,000,000 new common shares of the company. The transaction exercised at approximately 5% discount to the closing price of a Common Share of GBX 0.105/- share on January 09, 2020, which was used to set the Issue Price and a discount of approximately 31% to the closing middle market price of a Common Share of GBX 0.145/- on 10 January 2020.
  • The transaction has dragged its stock price at the London Stock Exchange, and it traded approximately 28% lower at GXB 0.10, at the time of writing at 03:10 PM GMT.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK