https://www.miningweekly.com

Alphamin raises $12m for Bisie mine development

8th April 2019

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

JSE- and TSX-V-listed Alphamin Resources’ largest shareholder, Tremont Master Holdings, has acquired about 40-million shares, or 50% of shares placed, in the private shares placement that Alphamin launched.

The company placed 79-million shares, raising gross proceeds of C$15.9-million, or $12-million.

The shares were offered at C$0.20 apiece, with each unit consisting of one common share and one common share purchase warrant, to purchase an additional share at C$0.30 until April 2022.

The proceeds from the placement will be used to complete the company’s mine construction work on the Bisie tin project, in the Democratic Republic of Congo, and for working capital purposes.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.729s - 128pq - 2rq
Subscribe Now