According to Techub News, UK-listed company Hamak Gold Limited (LSE: HAMA) announced that it has raised a total of £2.467 million through direct subscriptions and a placement of new shares via brokerage firm Peterhouse Capital. This financing issued 308,375,000 new ordinary shares at a price of £0.008 per share, a discount of 27% 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 Qatari royal family member Sheik Nayef Bin Eid Al Thani.
The company plans to use part of the funds to repay debts and replenish working capital, while the remaining funds will be used to implement a Bitcoin asset management strategy. In addition, the company plans to establish an Advisory and Consulting Board (ACB) to provide further advice, guidance, and strategic direction to the Hamak Board on the company's finances, operations, and Bitcoin policy. The company will periodically reserve a warrant pool of 5% of the issued equity, to be exercised at the issue price, as appropriate compensation and incentives for ACB members and others, with the specific amount determined by the Hamak Board.
