fantastic news for MMB.
KEY POINTS
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Anglo American plc will acquire 13.47 million shares in Magma Metals at $0.60 per share for a total consideration of $8.08 million for a 12% interest in the Company (10% on a fully diluted basis).
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It is planned to issue the shares and complete settlement of this transaction within five business days.
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The funds will primarily be used to progress the Company’s advanced Thunder Bay North Platinum-Palladium-Copper-Nickel project in Canada.
fantastic news for MMB.KEY POINTS•Anglo American plc will...
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