Baobab secures Tete funds
27th Mar 2012
LONDON, Mar 27 – Baobab Resources will fund work on the Tete prefeasibility study on its core iron ore assets in Mozambique with a GBP2.76M placement of 23M shares at 12p. The placement through Shore Capital Stockbrokers utilises the full extent of Baobab's existing authority to issue shares for cash.
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