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Mkango receives conditional TSX-V share admission approval to raise £5.52m

16th August 2021

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

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Aim- and TSX-V-listed rare earths miner Mkango Resources has received conditional approval from the TSX-V for the issuance of 23-million common shares of no par value at an issue price of £0.24 a new share, thereby raising £5.52-million from new and existing investors.

Subscriptions from related parties – Resource Early Stage Opportunities Company (RESOC) for 1.66-million new shares and Derek Linfield for 2.91-million new shares – remain conditional on approval from shareholders other than RESOC and Linfield.

Approval for these two subscriptions will be sought at Mkango’s yearly general and special meeting of shareholders on October 6.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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