Blenheim Natural Resources raises £900,000 in placing

AIM-listed Blenheim Natural Resources has raised £900,000 before expenses through a placing of 200m shares at 0.45p each.

Blenheim, which has established a small portfolio of shares in natural resource companies, said proceeds from the placing will be used to make further investments.

Chairman Chris Ells said: "Funds raised from this placing will significantly strengthen the company's balance sheet and thereby provide Blenheim with further firepower to actively pursue its pipeline of investment opportunities with particular emphasis on the lithium and new energy space in Africa."

At 1210 BST, the shares were up 2.5% to 0.45p.