{"id":36794,"date":"2023-07-17T12:48:04","date_gmt":"2023-07-17T16:48:04","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/capital-metals-to-raise-477000-to-speed-up-lifting-of-sri-lanka-license-suspension\/"},"modified":"2023-07-17T12:48:05","modified_gmt":"2023-07-17T16:48:05","slug":"capital-metals-to-raise-477000-to-speed-up-lifting-of-sri-lanka-license-suspension","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=36794","title":{"rendered":"Capital Metals to Raise $477,000 to Speed Up Lifting of Sri Lanka License Suspension"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230717-701299\" role=\"document\">\n<p>By Anthony O. Goriainoff<\/p>\n<pre><\/pre>\n<p>Capital Metals said Monday it will raise 364,705 pounds ($477,471) via a subscription and that it will use funds toward accelerating actions aimed at the lifting of the suspension of its industrial mining licenses at a project in Sri Lanka.<\/p>\n<div class=\"paywall\">\n<p>The AIM-listed mining company said it will issue 36.5 million shares at 1 pence a share, representing a discount to Friday&#8217;s closing price of 1.05 pence a share.<\/p>\n<p>The company said the subscription encompassed mostly non-U.K. investors who were unable to participate in the GBP500,000 placing announced on June 20.<\/p>\n<p>On June 9 the company said it had appointed an independent legal officer to investigate misappropriation within the Sri Lankan Geological Survey and Mines Bureau which had suspended its licenses on Dec. 12 at the Eastern Minerals project pending an investigation by the country&#8217;s government.<\/p>\n<p>Shares at 0832 GMT were flat at 1.05 pence.<\/p>\n<pre><\/pre>\n<p>Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/capital-metals-to-raise-477-000-to-speed-up-lifting-of-sri-lanka-license-suspension-1b1ac44d?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anthony O. Goriainoff Capital Metals said Monday it will raise 364,705 pounds ($477,471) via a subscription and that it will use funds toward accelerating actions aimed at the lifting of the suspension of its industrial mining licenses at a project in Sri Lanka. The AIM-listed mining company said it will issue 36.5 million shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-36794","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Capital Metals to Raise $477,000 to Speed Up Lifting of Sri Lanka License Suspension | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Anthony O. 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Goriainoff Capital Metals said Monday it will raise 364,705 pounds ($477,471) via a subscription and that it will use funds toward\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=36794\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-17T16:48:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-17T16:48:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=36794#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=36794\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Capital Metals to Raise $477,000 to Speed Up Lifting of Sri Lanka License Suspension\",\"datePublished\":\"2023-07-17T16:48:04+00:00\",\"dateModified\":\"2023-07-17T16:48:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=36794\"},\"wordCount\":169,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=36794#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=36794\",\"url\":\"https:\/\/ifintechworld.com\/?p=36794\",\"name\":\"Capital Metals to Raise $477,000 to Speed Up Lifting of Sri Lanka License Suspension | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-17T16:48:04+00:00\",\"dateModified\":\"2023-07-17T16:48:05+00:00\",\"description\":\"By Anthony O. 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