WAVERLEY Mining Finance is to raise #1.1m for investment through the
issue of two million new Ordinary shares at 58p each, roughly a 10%
increase in the group's existing share capital.
The subscription by investment funds managed by GFM International
Investors is conditional on shareholder approval.
Waverley is one of the groups investing in the Monktonhall pit which
is run by its workers.
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