"Mutapa Investment Fund of Zimbabwe committed to underwriting US$5 million of US$10 million strategic capital raise at an issue price of AU$0.10 per share demonstrating long-term support for Cabora Bassa Project."
That was an equity issue at 10c announced when the last traded price was 7.8c. Nice premium to the last sp and that's in Zimbabwe.
"Mangwana is the manager of existing strategic investor Mangwana Opportunities, an investor owned, closed-end investment company. It has coordinated the placement to institutional Zimbabwe investors with an investment horizon of +10 years, and has supported Invictus’ Cabora Bassa Project over the years."
MNB Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
