finnCap have advised Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV), the resource development company, in a significantly oversubscribed placing of £2.34 million.

David Archer, Savannah's CEO commented: "'We have been delighted to see the strong equity capital market support for the Placing which was heavily over-subscribed by both existing and new shareholders. Existing institutional shareholders participated in the Placing together with subscriptions from new institutions and sophisticated investors. The overall interest goes to underscore the strong emerging investment interest in the fast growing, lithium value chain in Europe. The net proceeds of the Placing will be used to supplement Savannah's existing working capital as we continue to advance our Mina do Barroso lithium project in Portugal and Mutamba mineral sands joint venture in Mozambique.

finnCap have advised Gemfields Group Ltd on their AIM listing. Gemfields, a world-leading supplier of responsibly sourced, coloured gemstones.

finnCap have advised Savannah Resources Plc on their £5m fundraising. Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) are an AIM quoted resource development company, which is focused on becoming Europe's most significant producer of lithium spodumene concentrates from its wholly owned Mina do Barroso Project in Portugal.

Funds will predominantly be used to complete the Definitive Feasibility Study on the Mina do Barroso Lithium Project located in northern Portugal

finnCap have advised Savannah Resources plc (AIM: SAV and SWB:SAV), the AIM quoted resource development company, on their £11.5m fundraising.

Funds will predominantly be used to support the next stage of development for Savannah's Mina do Barroso Lithium Project located in northern Portugal, providing funding to decision to mine.

David Archer, Chief Executive Officer of Savannah said today, "We are pleased to have completed this heavily oversubscribed fundraising and to be able to welcome a number of significant UK institutional shareholders to our register.  The funds raised will allow us to continue to fast-track the development of our Mina do Barroso Lithium Project, which has the potential to be the leading European producer of spodumene lithium.  The net funds raised will enable us to advance our project in Portugal through a Feasibility Study, with a view to making a final development decision early next year."