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April 20 (Reuters) - Regal Resources Ltd (RER) : Acquisition...

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    20/04/16
    14:54
    Post #: 17556256

    April 20 (Reuters) - Regal Resources Ltd (RER) :

    • Acquisition and financing update (RER)
    • Post completion, Regal will be the majority owner of Kalongwe Holding 70% with GICC 25% and DRC government 5%
    • Acquisition to be funded through placement of about US$5.3 million and the issue of about US$2.8 million worth of shares
    • Says agreements for the acquisition of an additional interest in the Kalongwe Copper/Cobalt Project
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