Chesterfield Resources PLC - copper and gold explorer in Cyprus and in Labrador, Canada - Raises £700,000 from sale of 10.0 million new shares at 7 pence. One warrant for an additional share at 12p comes with each two placing shares. Cash will be used for exploration, working capital, and for the cost of seeking a secondary listing on the TSX-V exchange in Toronto. ‘The company has a busy six months ahead,’ says Executive Chair Martin French. Director Peter Damouni steps down from the board immediately to take up an executive role elsewhere, but invests £100,000 in the Chesterfield funding round and will remain an advisor.

Current stock price: 6.90p, down 4.9% on Wednesday

12-month change: down 46%

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