Tanzania-focused Strandline raises $2.3m through share placement with Tembo

June 9, 2016

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Tanzania-focused mineral sands developer Strandline Resources has raised about $2.3-million in equity funding through the successful completion of a share placement with mining-focused private equity fund group Tembo. As a result of the placement – comprising about 333-million new fully paid ordinary shares at 0.7c a share – Tembo, which specialises in supporting emerging resource companies in developing countries, became a 19.4% shareholder in Strandline.

Category: General