Liberum was joint bookrunner in a placing March 11 of approximately £15.8m of new ordinary shares in AIM-listed Sirius Minerals plc (Ticker: SXX LN). The placing was at 7p a share.
"We are pleased to announce the result of today's significantly oversubscribed placing and acknowledge the significant support shown by both new and existing shareholders," Sirius CEO Chris Fraser said.
"The proceeds raised not only strengthen the balance sheet but also allow us to maintain the development momentum at our flagship York Potash Project," he added.
The project has the world's largest and highest grade deposit of polyhalite, a multi-nutrient form of potash containing potassium, sulphur, magnesium and calcium.
Liberum is Joint Broker to the company.
Company web site: http://www.siriusminerals.com/
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