Savannah Resources raises £1.3m in share placement

July 10, 2017

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Aim-listed Savannah Resources has raised about £1.3-million to fund work on its Portuguese lithium projects, to advance the Mozambique-based Mutamba joint venture project with mining major Rio Tinto, and to further work on its Oman-based copper-gold projects, as well as for general working capital purposes. Savannah raised the money by issuing 25-million new ordinary shares at a subscription price of 5.25p a share.

Category: General