Herencia Resources PLC (AIM:HER) announced a private placement of 1,250,000,000 at price GBP 0.0003 of for gross proceeds of GBP 375,000 on October 24, 2017. The shares are locked into until the share price of the company shares exceed GBP 0.00012 pence for a minimum of 90 days. The transaction included participation from new investor, Consultoria y Services Mineros S.A. The funding will receive in multiple tranches.