Alexander raises £750,000

Alexander Mining has raised £750,000, before expenses, through a placing of 535,715,000 ordinary shares at 0.14p apiece.

The net proceeds will be used for a potential strategic mining corporate investment opportunity, for which negotiations are in progress and which may be complementary to the company's leaching technology, as well as for general working capital purposes.

Chief executive Martin Rosser said: "We are delighted to have secured this investment from new and existing shareholders to progress a potential opportunity and also to provide additional working capital for the company."