KEY POINTS • 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). • It is planned to issue the shares and complete settlement of this transaction within five business days. • The funds will primarily be used to progress the Company’s advanced Thunder Bay North Platinum-Palladium-Copper-Nickel project in Canada.
MMB Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held