By Jaime Llinares Taboada
Jubilee Metals Group PLC mentioned Wednesday that it’s in search of to boost 30 million kilos ($41.4 million) by way of share concern to extend its curiosity in its copper and cobalt tailings initiatives in Zambia.
The metals processing firm has reached agreements to extend its curiosity within the Roan copper venture to 100% from 80%; within the TD52 copper-cobalt venture to 80.75% from 57.75%, and within the Mufulira venture to 97%.
The transactions have an combination worth of $24.8 million. Jubilee intends to boost GBP30 million by way of share inserting at a value of 16.03 pence per share–a low cost to the inventory’s 16.85-pence closing value on Tuesday.
Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT