Galileo Resources (GB:GLR) has released an update.
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Galileo Resources PLC has announced the receipt of a significant second tranche payment of approximately ZAR 48.8 million (GBP2.1M) from Afrimat Limited, with a final payment expected soon, marking the culmination of the Glenover Phosphate sale. The transaction has been praised by Galileo’s CEO, Colin Bird, for its professional management and brings a long process to a successful close. Shareholders have been assured of the company’s strong position following this strategic disposal.
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