Armadale Capital Placing to Raise £400,000 to Expand Current 678,000oz Mpokoto Gold Resource

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce a conditional placing (“Placing”) of 10,000,000 new ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”) (the “Placing Shares”) at a price of 4.00p pence per share (the “Placing Price”) to raise gross proceeds of £400,000 with institutional and other investors. The proceeds of the Placing will be used to further develop the Mpokoto Gold Project in the ...