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An announcement from African Pioneer PLC ( (GB:AFP) ) is now available.
African Pioneer PLC has announced a fundraising of £420,000 to advance the Ongombo copper gold project in Namibia. The raised funds will be used for project activities such as analyzing gold and copper distributions, engaging with external advisors, planning with mining contractors, and production scheduling. The fundraising involves issuing new ordinary shares, and the company is also settling consultancy fees with additional share issues. The concert party interest in the company will reduce to 37.27%, potentially triggering a mandatory takeover offer under certain conditions.
More about African Pioneer PLC
African Pioneer PLC is an exploration and resource development company with advanced projects in Namibia, Botswana, and Zambia. The company primarily focuses on copper and gold resources and has a strategic market focus on developing these resources in the African region.
YTD Price Performance: -17.86%
Average Trading Volume: 65,292
Technical Sentiment Consensus Rating: Buy
For detailed information about AFP stock, go to TipRanks’ Stock Analysis page.
