Minbos Resources Limited (AU:MNB) has released an update.
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Minbos Resources Limited has secured a A$1.5 million underwriting agreement with Alpine Capital to ensure full exercise of its unlisted options, as part of its efforts to fund the Cabinda Phosphate Project. The company has witnessed significant investments from its directors and plans to use the proceeds, alongside a recent US$10 million boost from the Angola Sovereign Wealth Fund, to advance construction activities. This strategic move underscores Minbos’ commitment to expanding its operations in Angola.
For further insights into AU:MNB stock, check out TipRanks’ Stock Analysis page.
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