LONDON – Mkango Sources Ltd (AIM/TSX-V:MKA) introduced a retail share provide by way of RetailBook on Tuesday, permitting UK buyers to buy new frequent shares at 33 pence per share.
The difficulty worth represents a reduction of roughly 14.5% to the closing mid-price on AIM on March 31, 2026. The retail provide is conditional on a separate institutional putting turning into unconditional, in response to a press launch assertion.
The corporate is conducting the retail provide alongside a fundraise concentrating on gross proceeds of roughly £10 million by way of institutional putting, a LIFE providing, and a subscription. The retail provide itself is capped at £1 million except the corporate agrees to additional allocations.
Buyers can take part by way of RetailBook’s companion community of retail brokers, wealth managers and funding platforms. Purposes may be comprised of ISAs, SIPPs, or normal funding accounts, with a minimal subscription of £250 per investor. RetailBook is not going to cost fee on functions.
The retail provide is accessible to each present shareholders and new buyers resident in the UK. The provide was anticipated to shut at 8 p.m. on Tuesday and should shut earlier if oversubscribed.
Mkango expects to make use of the online proceeds from the general fundraise to help progress alternatives together with a possible acquisition in Germany, capital expenditure at its UK and German operations, and dealing capital functions.
Admission of the brand new shares to buying and selling on AIM is predicted at 8:00 a.m. on April 10, 2026. The shares are additionally anticipated to start buying and selling on the TSX-V on the identical date, topic to conditional acceptance from the trade.
Tim Slater, interim Chief Monetary Officer, indicated his intention to take part within the retail provide for about £150,000.
The brand new frequent shares will rank equally with present shares together with rights to obtain all dividends declared after their subject date.
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