On 21 March 2014, the Board of Amara, the AIM listed West African focused gold mining company, announced details of the Placing to raise £18.2 million (US$30 million) through the issue of 107,058,823 New Ordinary Shares and the Open Offer to raise up to £4.2 million (US$6.9 million) through the issue of up to 24,468,439 New Ordinary Shares, both at an Issue Price of 17.0 pence per share.