logo-loader
viewBushveld Minerals Ltd

Bushveld Minerals issues £2.85mln of new shares to Darwin

sterling350_533a5fcc31d67.jpg

Bushveld Minerals (LON:BMN) has confirmed that £2.85mln worth of new shares have now been issued to Darwin Strategic.

According to the terms of the Darwin funding deal, announced last week, Bushveld has issued 50mln new shares priced at 5.7p each.

The funding arrangements, which will see money released to Bushveld over the course of the next 12 months, was agreed at the same time as the company struck a deal to acquire the majority of a tin tailings dump that could be the catalyst for early production from its Mokopane project in South Africa.

Bushveld is paying £559,470 for 87% of the Zaaiplaats tailings, estimated to contain between 2,600 and 4,500 tonnes of tin.

A technical due diligence and evaluation of the old tailings dumps, set to take two months, started on March 20.

Quick facts: Bushveld Minerals Ltd

Price: 21.3 GBX

LSE:BMN
Market: LSE
Market Cap: £245.58 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bushveld Minerals Ltd named herein, including the promotion by the Company of Bushveld Minerals Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Bushveld Minerals granted mining permit for Mokopane

Headlines from the Proactive UK newsroom. Bushveld Minerals (LON:BMN) has been granted a mining permit for its Mokopane deposit in South Africa.  Mokopane is one of the world's largest primary vanadium resources.  Shield Therapeutics (LON:STX) is to present data further...

on 22/10/19

2 min read