Zhevago's Fevamontico commits to buy 9.8% of Toledo Mining

Fevamontico, owned by Ferrexpo (FXPO LN) majority shareholder and CEO Konstantin Zhevago, has filed a conditional placing letter to subscribe for about 4 mln shares, representing 9.8%, of Toledo Mining (TMC LN), post-share placement, the latter announced yesterday. Toledo Mining said it conditionally raised GBP 3.36 mln via the placement of 12 mln shares at 5 pence each. The placement is conditional on shareholder approval; an AGM has been scheduled for July 31. Trading on AIM is expected to take place August 4.