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Bushveld Minerals to proceed with Uis tin acquisition

Diversified mineral development company Bushveld Minerals will pursue the acquisition of the Uis tin project, in Namibia, following the successful completion of a due diligence. Accordingly, Bushveld’s wholly-owned subsidiary tin platform Greenhills Resources has signed a sale of shares and claims agreement to acquire a 49.5% interest in Namibian tin explorer Dawnmin Africa Investments from a consortium of Namibian shareholders for £650 000, payable through the issue of 41-million ordinary shares of 1p each in Bushveld.