Capital Drilling (GB:CAPD) has released an update.
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Capital Limited, a prominent mining services firm, has announced the sale of its entire stake in Predictive Discovery Limited to Perseus Mining Limited for A$47.3 million, approximately US$31.2 million. The deal includes a profit-sharing agreement for any potential resale of shares by Perseus before the end of 2025. Capital aims to use the sale proceeds to reduce its debt, aligning with its broader business strategy.
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