Unicorn Mineral Resources Public Limited Company (LSE:UMR) will look for acquisition opportunities. The Company has raised £573,000 gross through: (i) the issue of 5,657,477 new ordinary shares each of ?0.01 ("Shares") at 6p per new Share, representing 20% of the current issued share capital of 28,297,510 Shares ("Issued Share Capital"); and (ii) the issue of £233,456 of non-interest bearing, unsecured convertible loan notes ("CLN"), which convert automatically into 2,334,560 new Shares, at a conversion price of 10p per new Share, representing 8% of the Issued Share Capital, on the publication of a prospectus approved by the Financial Conduct Authority. The £573,000 of gross proceeds raised by the Subscription will be used (i) to continue the exploration work at Kilmallock, (ii) to evaluate potential acquisition opportunities both in Ireland and overseas; and (iii) for general working capital purposes.