Hamak Gold raises £ 2.467 million, with some funds used to implement Bitcoin asset management strategy

UK listed company Hamak Gold Limited (LSE: HAMA) announced that it has raised a total of £ 2.467 million through direct subscription and the placement of new shares by brokerage firm Peterhouse Capital. This financing round issued 308375000 new ordinary shares at a price of 0.008 pounds per share, representing a 27% discount from the closing price on July 2nd. Two new directors participated in the subscription of £ 200000, while two non-executive directors resigned. Key investors include the private investment institution of Sheik Nayef Bin Eid Al Thani, a member of the Qatari royal family. The company plans to use some 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 newly appointed chairman Nick Thurlow stated that the company will focus on both gold exploration and digital asset management strategies, providing transparency, institutional level security, and governance guarantees through listing on the main board of the London Stock Exchange.