LONDON (Bloomberg) Griffin Mining Ltd., a Bermuda-based mining company, completed the sale of £75 million ($153 million) of shares to Citadel Equity Fund Ltd.

Griffin sold 68 million shares at £1.10 each, the company said in a statement distributed by the Regulatory News Service on Friay.

Shares of Griffin Mining closed at 114.75 pence in London yesterday, giving the company a market value of £222 million.