Alba Mineral Resources plc announced a private placement to issue 18,431,452 new ordinary shares at an issue price of £0.024999 for the gross proceeds of £460,767.868548 on November 22, 2023. The transaction will include participation from new investor GreenRoc Mining Plc and individual investors Stefan Bernstein, George Frangeskides and Mark Rachovides have subscribed for £5,000 of shares each. The company also issued 208,561 warrants with an exercise price of £0.02489 pence to G-Force Capital Ltd. The Warrants are exercisable until 21 November 2025.

The company has disclosed the issue expenses of £86,900 in the transaction.