On July 3, PANews reported that UK listed company Hamak Gold Limited (LSE: HAMA) announced it has raised £2.467 million through direct subscriptions and a placing of new shares by brokerage firm Peterhouse Capital. This financing issued 308,375,000 new ordinary shares at a price of £0.008 per share, a 27% discount to the closing price on July 2. Two new directors participated in the subscription for £200,000, while two non-executive directors resigned. Key investors include the private investment firm of Sheik Nayef Bin Eid Al Thani, a member of the Qatari royal family.
The company plans to use part of the funds to repay debts and supplement working capital, while the remaining funds will be used to implement a Bitcoin asset management strategy. The new chairman, Nick Thurlow, stated that the company will simultaneously focus on gold exploration and digital asset management strategies, providing transparency, institutional-level security, and governance guarantees through a listing on the Main Market of the London Stock Exchange.
