Well, the Cat is well and truly out of the Bag on one of those Newsworthy aspects
Re:- Larger Slice of the Manono Pie that we've been looking forward to for sometime
In addition, the company intends to use some of the funds to increase its interest in the project to 75% from 60%.
AVZ’s Managing Director, Nigel Ferguson, said: “The capital raising marks an important milestone in our journey to develop the Manono Project, providing AVZ with the required funds to
increase the Company’s stake in the Project and secures the necessary working capital to commence the early capital works program.”
“Increasing
AVZ’s equity stake to 75% of the Manono Project adds significant value to AVZ shareholders, including the possible option to attract strategic cornerstone equity partners at the project level, which will assist to de-risk and potentially accelerate Manono’s development.”
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Food for thought - Manono Pie
The time to "Dig In" is Nigh
Fingers crossed
Frank