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Article: CAMEC acquires 25% of AIM-listed Southern African Resources.
- Article from:
- M2 Presswire
- Article date:
- January 21, 2003
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M2 PRESSWIRE-21 January 2003-CAMEC: CAMEC acquires 25% of AIM-listed Southern African Resources(C)1994-2003 M2 COMMUNICATIONS LTD
RDATE:01212003
Central African Mining & Exploration Company Plc, the AIM-listed mining exploration venture is acquiring 35,000,000 convertible non-voting ordinary shares of Southern African Resources Plc, amounting to 25.6% of the issued share capital. To satisfy the consideration Southern African will receive CAMEC`s 10% stake in South African based BizAfrica 1673 (Pty) Limited.
Southern African, which listed on AIM in May 2002, was established to identify businesses, companies or projects in the natural resource sector with particular ...