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Armadale raises £500 000 to complete Mahenge Liandu DFS

16th September 2019

By: Marleny Arnoldi

Online News Editor

     

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Aim-listed Armadale Capital has successfully raised £500 000 through the placing of about 27-million new ordinary shares at 1.8p apiece.

The proceeds will allow the company to complete a definitive feasibility study at the Mahenge Liandu graphite project, in Tanzania.

Armadale is also progressing talks around project-level construction financing with third parties.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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