Pembridge sells Botswana copper assets for £150 000

DAVID LINSLEY The proceeds of the sale of the Botswana assets to Global Exploration Technologies will be used to fund normal working capital
Aim-listed natural resource exploration and development company Pembridge Resources – which was known as China Africa Resources up to April 10 – has
announced that a share purchase agreement has been signed between the company and copper exploration company Global Exploration Technologies (GET) for the sale of its Botswana assets. Besides the company announcements on February 1, Pembridge has sold its 48.8% shareholding for a consideration of £150 000 payable in cash to GET for five exploration licences in the Kalahari Copperbelt, in Botswana, held through three local subsidiary companies.
Pembridge CEO David Linsley says that the proceeds will be used to fund normal working capital.
“Although excellent exploration licences, we feel that these Botswana assets are too early stage for Pembridge and, with the minority shareholding, do not fit in with the company strategy that we are pursuing,” he explains.
Linsley, however, points out that Pembridge has an “attractive pipeline” of more-advanced-stage projects, which the company’s management is pursuing; the company is confident that it can deliver “excellent value” for its shareholders.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
















