Mineral & Financial Investments Raises GBP250,000

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By Christian Moess Laursen

Mineral & Financial Investments said Wednesday that its has raised 250,000 pounds ($310,400) before expenses through a placing with investors of around 1.2 million new shares at 21.0 pence a share.

The placing price represents a 4.5 pence discount to the closing share mid-price of 25.5 pence on May 23, the company said.

In addition, the London-listed investment company also issued 250,000 new shares to Novum Securities in settlement of historic broking retainer fees.

The funds raised will be used for investment opportunities, the company said.

Write to Christian Moess Laursen at christian.moess@wsj.com