Following a February placing that saw a privately owned investment fund become Aim-listed Savannah’s largest shareholding, two new board members have been appointed to represent the fund, Al Marjan. Al Marjan increased its shareholding to 29.99% after Savannah placed more than 98-million shares of 1p each at a price of 1.777778p per ordinary share, raising £1.75-million to fund the development of the company’s copper projects in Oman.
